Which of the following would NOT be included in this year's GDP?
A) Tom and Amy pay $75 for a meal in a restaurant.
B) Sarah pays her accountant $200 to do her taxes.
C) Jim mows his neighbor's lawn as a favor.
D) Megan buys a new Coach purse.

Question

Quizplus · Accepted Answer

Jim's act of mowing his neighbor's lawn as a favor is not a transaction that involves the exchange of money in the market, so it is not included in GDP. Conversely, choices A, B, and D are transactions in which money is exchanged for goods or services, so they are included in GDP.

Which of the Following Would NOT Be Included in This