Which of the Following Transactions Would NOT Be Included in GDP

question 8

Multiple Choice

Which of the following transactions would NOT be included in GDP?

• A) the purchase of 100 shares of newly issued Microsoft stock
• B) the purchase of a newly issued government bond
• C) the purchase of previously issued corporate bond
• D) all of the above

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Definitions:

Sales Invoice

A document issued by a seller to a buyer, listing items or services supplied and specifying the amount due for payment.

Purchase Order

A formal document sent from a buyer to a supplier to authorize the purchase of products or services under specified terms and conditions.

Subsidiary Ledger

A detailed ledger that contains the individual accounts needed to support a specific general ledger account.

Accounts Payable

Liabilities of a business that are obligations to pay creditors for goods and services purchased on credit.