Which of the Following Transactions Is Not Included in GDP

question 43

Multiple Choice

Which of the following transactions is not included in GDP?

• A)oranges sold to households by a grocer.
• B)orange juice sold by a restaurant to its diners.
• C)oranges sold by a farmer to a grocery store.
• D)All of the above are included in GDP.

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Definitions:

AASB 137

The Australian Accounting Standards Board's standard on Provisions, Contingent Liabilities, and Contingent Assets, which outlines how to account for and disclose these items in financial statements.

Insurance Entities

Insurance entities are companies or corporations that provide insurance policies to protect individuals or businesses against risks in exchange for premium payments.

Employee Benefits

Various forms of non-wage compensation provided to employees in addition to their normal wages or salaries.