Which of the following would be included in this year's US GDP?
A)the value of the tomatoes you produced in your garden last summer
B)the used textbook you bought at the college bookstore for this class
C)the ticket you bought for the professional baseball game you attended in July
D)the bottle of French wine you bought for dinner the other night
E)the value of the tires that GM bought to put on its cars this year

Question

Quizplus · Accepted Answer

The ticket purchased for the baseball game is considered part of this year's US GDP as it represents spending on a final good or service within the economy.

Answer: E 
 The value of the tires that GM bought to put on its cars this year is included in this year's US GDP as it represents spending by a firm within the economy.

The remaining choices (A, B, D) are not included in this year's US GDP as they do not represent spending on final goods or services within the economy. The tomatoes produced in a garden, a used textbook, and a bottle of wine are considered intermediate goods, which are not counted in GDP.

Which of the Following Would Be Included in This Year's