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 General Motors
C) The purchase of wheat 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. The other options involve financial transactions, intermediate goods, or second-hand sales, which are not included in GDP.

Which of the Following Transactions Would Be Included in the Calculation