Which of the Following Is Not Included in GDP

question 40

Multiple Choice

Which of the following is not included in GDP?

• A)the value of the restoration of an old painting
• B)interest payments on the national debt
• C)the cost of a new vending machine
• D)government expenditure on a new bridge
• E)a purchase of legal services by a household

---

Definitions:

Productive Facilities

Assets such as factories and machinery used in the production of goods and services.

Accounting Standpoint

A perspective or basis from which financial transactions and conditions are analyzed or assessed.

Long-Term Prepayment

Payments made in advance for expenses that will be recognized over a period longer than one year.

Book Value

The net value of a company's assets minus its liabilities and preferred stock, often used to determine the potential value of a company if it were to be liquidated.