Which of the Following Is NOT Included When Calculating GDP

question 44

Multiple Choice

Which of the following is NOT included when calculating GDP?

• A) the dollar value of a new book
• B) the dollar value of a new iPod
• C) the dollar value of a newly issued corporate bond
• D) the dollar value of tuition expenditures at a community college

---

Definitions:

Notes Receivable Account

An account on the balance sheet representing claims against others for money, goods, or services to be paid within a specified period.

Notes Receivable

Claims for which formal agreements of credit are made between borrowers and lenders, often involving interest.

Journal Entry

A record that captures all the financial transactions of a business, displaying debits and credits in the accounting system.

Aging Method

An accounting technique used to estimate the amount of a company's bad debts based on the age of its receivables.