Which transaction will be included in GDP?
A) the purchase of a used bicycle on Ebay
B) the purchase of a home built in 1957
C) the purchase of a real estate agent's services
D) the purchase of 1,000 shares of IBM stock

Question

Quizplus · Accepted Answer

Only the purchase of a real estate agent's services will be included in GDP as it is a final goods and services transaction. The purchase of a used bicycle and a home built in 1957 are both second-hand goods and not new production. The purchase of IBM stock is considered a financial transaction and not a transaction involving the production of goods and services.

Which Transaction Will Be Included in GDP