The purchase of a share of stock is excluded in the calculation of GDP because it
A)is an intermediate good.
B)produces value added.
C)only represents the transfer of ownership rights.
D)is a final service and not a good.

Question

Quizplus · Accepted Answer

The purchase of a share of stock only represents the transfer of ownership rights and does not involve the production of new goods or services. Therefore, it is excluded from the calculation of GDP.

The Purchase of a Share of Stock Is Excluded in the Calculation