Which of the Following Items Is Included in GDP

question 24

Multiple Choice

Which of the following items is included in GDP?

• A)the sale of stocks and bonds
• B)the sale of used goods
• C)the sale of services such as those performed by a doctor
• D)All of the above are included in GDP.

---

Definitions:

Exposure Draft

A document issued by accounting and regulatory bodies for public comment that proposes new or changes to existing accounting policies.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an orderly transaction between willing participants.

Financial Assets

Any assets that are cash, an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument.

IFRS

International Financial Reporting Standards are a set of accounting rules and standards for financial statement preparation, recognized globally.