Which of the Following Are Not Included in GDP

question 38

Multiple Choice

Which of the following are not included in GDP?

• A)​Transfer payments.
• B)​Imports
• C)​Intermediate goods.
• D)​All of the above are excluded from GDP.

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Definitions:

Sale of Goods

A transaction between a buyer and a seller in which the seller transfers ownership of goods to the buyer for a price.

Contracts for Services

Agreements between parties where one agrees to provide a service to the other in exchange for compensation.

Sale of Land

The legal process involving the transfer of property rights in land from one party to another, typically through a deed.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, facilitating the uniformity and predictability of commercial activities across different states.