Which item is included in the calculation of GDP?
A) expenditure on new construction
B) a retiree's monthly Social Security check
C) buying a house built 10 years ago
D) buying shares of Home Depot stock

Question

Quizplus · Accepted Answer

Expenditure on new construction is included in the calculation of GDP as it represents a current investment in the economy's production of goods and services. 
Buying a house built 10 years ago and buying shares of Home Depot stock are not included in GDP as they do not represent current production of goods and services. 
A retiree's monthly Social Security check is also not included in GDP as it is not a payment for current production of goods and services but rather a transfer payment from the government.

Which Item Is Included in the Calculation of GDP