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:

Altruistic Behaviors

Actions intended to benefit others without expecting anything in return.

Social Cognition

Refers to the processes used to understand and interpret the actions and intentions of others, including perceptions, attributions, and social interactions.

Mirror Neurons

Neurons that fire when a person does something or observes someone else doing the same thing.

Mimic

To imitate or copy someone or something's actions, speech, or mannerisms, often for learning or entertainment.