Which of the Following Would Not Be Included in GDP

question 122

Multiple Choice

Which of the following would not be included in GDP for 2011?

• A)A car produced in 2011 and held in inventory until 2012.
• B)A car produced in 2011 and sold in 2012.
• C)The value of all cars produced in 2011.
• D)A car produced in January of 2011 and sold in November of 2011.
• E)A car produced in 2010 and sold in 2011.

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Definitions:

Selling Price

The amount for which a good or service is sold to customers, determining the revenue generated from sales.

Variable Costs

Expenses that vary in relation to the volume of products or services a company delivers.

Hourly Wage Rates

The amount of money paid for each hour of work performed, commonly used in various employment contexts.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much of the revenue contributes to covering fixed costs and generating profit.