Which of the following transactions is included in GDP?
A) sales of used goods
B) buying and selling of stocks and bonds
C) the sales of houses produced in that given year
D) government transfer payments

Question

Quizplus · Accepted Answer

Only the sales of newly produced houses in that given year are included in GDP, as they contribute to the production of goods and services in the economy. Sales of used goods, buying and selling of stocks and bonds, and government transfer payments do not directly contribute to the production of goods and services in the economy and are therefore not included in GDP.

Which of the Following Transactions Is Included in GDP