Explain Why Each of the Following Items Is Excluded from GDP

question 123

Essay

Explain why each of the following items is excluded from GDP:
(a) profits from the stock and bond market
(b) transfer payments
(c) sale of used goods
(d) goods and services produced in the home

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Definitions:

Meditation

A practice of focused attention, mindfulness, or contemplation to achieve a mentally clear and emotionally calm state.

State of Consciousness

The level of awareness of oneself and the environment, which can range from alertness to sleep to altered states.

Physiological State

The condition of normal function of an organism at any given time, encompassing various physical and chemical processes.

Lysergic Acid Diethylamide (LSD)

A potent psychedelic drug known for altering perception, mood, and thoughts, often producing visual hallucinations.