Which of the Following Is Counted in GDP

question 116

Multiple Choice

Which of the following is counted in GDP?

• A) the trading of 100 shares of Microsoft stock
• B) the services of a real estate broker
• C) government transfer payments
• D) the sale of a used car
• E) none of the above

---

Definitions:

Automatic Extension

An allowance by the IRS that gives taxpayers an additional period to file their tax returns without penalty.

Tax Return

A document filed with a tax authority that reports income, expenses, and other relevant financial information, used to calculate tax liability.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the rate of tax applied to their highest level of income.

Progressive Rate

A tax system in which the tax rate increases as the taxable income increases.