Which of the following would not be included in the calculation of GDP?
A) The purchase of ice cream by a student at a store
B) The purchase of a new car by a family
C) The purchase of a steak by a customer at a restaurant
D) The purchase of a cow by a restaurant to turn into steaks

Question

Quizplus · Accepted Answer

The purchase of a cow by a restaurant to turn into steaks would not be included in the calculation of GDP as it is an intermediate good, meaning it is used in the production of a final good (steak) and not sold directly to the end consumer. Only final goods and services purchased by consumers, government, or businesses are included in GDP calculations.

Which of the Following Would Not Be Included in the Calculation