Which of the Following Is Not Included in GDP

question 116

Multiple Choice

Which of the following is not included in GDP?

• A)carrots grown in your garden and eaten by your family
• B)carrots purchased at a farmer's market and eaten by your family
• C)carrots purchased at a grocery store and eaten by your family
• D)None of the above are included in GDP.

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Definitions:

Compound Interest

Interest computed not only on the original amount invested or loaned but also on the interest that has been added to this principal over past periods.

Simple Interest

Interest computed solely on the initial sum, without accumulation through compounding.

Income Earned

Revenue generated from a person's job, investments, or business operations, excluding capital gains or gifts.

Annual Salary

The total amount of money earned by an employee in one year before taxes and deductions.