Which of the following is included in determining Gross Domestic Product?
A) the purchase of a new car
B) the purchase of a used car
C) a housewife preparing breakfast
D) a gardener canning vegetables for consumption during the winter

Question

Quizplus · Accepted Answer

The purchase of a new car is included in determining Gross Domestic Product as it represents a transaction within the economy and contributes to economic activity.

Answer: C and D 
 Neither a housewife preparing breakfast nor a gardener canning vegetables for personal consumption are included in determining Gross Domestic Product as they are not considered economic transactions within the formal economy.

Which of the Following Is Included in Determining Gross Domestic