Which of the following would not be included in the calculation of GDP?
A)Vegetables grown and consumed by a nonfarm family
B)The purchase of a new Porsche
C)The sale of meat at the local grocery store
D)The government purchase of an F-14 fighter plane
E)The payment made to an accountant for the preparation of tax forms

Question

Quizplus · Accepted Answer

The vegetables grown and consumed by a nonfarm family are not included in GDP calculation as they are not sold in markets and hence, do not contribute to the economy.

Answer: E 
 The payment made to an accountant for the preparation of tax forms is a service rather than a goods or asset, and hence, it comes under the category of service sector which is a part of GDP computation.

Therefore, the options B, C, and D would be included in the calculation of GDP.

Which of the Following Would Not Be Included in the Calculation