Which of the following transactions would be included in the calculation of Gross Domestic Product (GDP)?
A) the purchase of legal services
B) the purchase of a share of stock in Apple
C) the purchase of wheat by a baker to make bread
D) the purchase of a second-hand lawnmower from your neighbor

Question

Quizplus · Accepted Answer

The purchase of legal services is included in GDP as it is a payment for a service produced within the economy. Other options involve financial transactions, intermediate goods, or second-hand sales, which are not included in GDP calculations.

Which of the Following Transactions Would Be Included in the Calculation