Which of the Following Transactions Is Not Included in GDP

question 43

Multiple Choice

Which of the following transactions is not included in GDP?

• A)oranges sold to households by a grocer.
• B)orange juice sold by a restaurant to its diners.
• C)oranges sold by a farmer to a grocery store.
• D)All of the above are included in GDP.

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Definitions:

Factoring Fee

The cost charged by a third party to a business for providing factoring services—financing based on the business's receivables.

Accounts Receivable

Funds that customers owe to a company for products or services that have been provided but not yet compensated for.

Journal Entry

A record in accounting that logs a transaction and its impact on account balances in debit and credit terms.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable.