Which of the following would be included in the calculation of Gross Domestic Product (GDP)?
A) the value of transfer payments
B) the value of the sale of a used guitar
C) the value of the sale of 100 shares of Facebook stock
D) the value of spending on a truck

Question

Quizplus · Accepted Answer

Only the value of spending on a truck would be included in the calculation of GDP, as it represents a purchase of a newly produced good or service. Transfer payments, the sale of a used item, and the sale of stock do not involve the production of new goods or services and therefore are not included in the calculation of GDP.

Which of the Following Would Be Included in the Calculation