Which of the following is omitted from GDP calculations?
A) sales of used goods
B) certain nonmarket goods and services
C) legal and illegal underground activities
D) transfer payments
E) all of the above

Question

Quizplus · Accepted Answer

All of the options (A, B, C, and D) are omitted from GDP calculations. Sales of used goods are not included as they are not part of current production, certain nonmarket goods and services like unpaid household work and volunteer services are not quantifiable, illegal underground activities are not reported and not legal, and transfer payments do not represent actual production.

Which of the Following Is Omitted from GDP Calculations