Which of these transactions occurring in 2011 would contribute to GDP for 2011?
A) A contractor sells a new house which was built in 2009.
B) Mario sells his used car for a profit.
C) Sally buys $10,000 worth of U.S.government bonds as an investment.
D) Boeing sells a 787 aircraft produced in 2011 to a Korean airline.

Question

Quizplus · Accepted Answer

The sale of a new aircraft produced in 2011 to a foreign buyer is considered an export and is included in the calculation of GDP. A is not included as it is not a newly produced good or service. B is not included as it is a transfer of ownership of a used good. C is not included as it is a financial transaction and does not represent the production of a good or service.

Which of These Transactions Occurring in 2011 Would Contribute to GDP