Which of the Following Is Not Directly Counted in GDP

question 272

Multiple Choice

Which of the following is not directly counted in GDP?

• A)investment expenditures
• B)government purchases
• C)intermediate goods
• D)consumer goods
• E)net exports

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Definitions:

FASB

The Financial Accounting Standards Board, a private, non-profit organization that establishes financial accounting and reporting standards in the U.S.

Comprehensive Income

Comprehensive Income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

IFRS

International Financial Reporting Standards, which is a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

U.S. GAAP

United States Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures used in the U.S. for financial reporting.