Which of the following is counted in the GDP in a given year?
A) the sale of Facebook stock
B) the sale of a used Mazda convertible
C) the dollar value of the housework done by a stay-at-home mom
D) the sale of a new screwdriver

Question

Quizplus · Accepted Answer

Only the sale of a new screwdriver is counted in GDP as it is a newly produced good which adds value to the economy. The sale of Facebook stock and a used Mazda convertible are not included as they are not newly produced goods, and the dollar value of housework is not counted in GDP as it is not a market transaction.

Which of the Following Is Counted in the GDP in a Given