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:

Critical Thinking

The goal-oriented examination and assessment of a matter to establish an opinion.

Nursing Process

A systematic, patient-centered approach used by nurses to identify and treat patient health needs, consisting of assessment, diagnosis, planning, implementation, and evaluation.

Registered Nurse

A healthcare professional licensed to practice nursing, including the provision of patient care, education, and support.

Self-Reflection

The practice of thoughtfully considering one's own behaviors, beliefs, and motivations to foster personal growth.