Which of the following transactions would be included in the calculation of 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 friend

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 calculations.

Which of the Following Transactions Would Be Included in the Calculation