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Explain Why Each of the Following Items Is Excluded from GDP

question 36

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Explain why each of the following items is excluded from GDP: (a) profits from the stock and bond market (b) transfer payments (c) sale of used goods (d) goods and services produced in the home.Explain why the following items are included in GDP: (a) depreciation (b) change in business inventories( c) indirect taxes


Definitions:

Specific Body Weight

The particular weight that an individual's body tends to maintain, influenced by genetic, metabolic, and environmental factors.

Ghrelin

A hormone produced mainly by the stomach that stimulates appetite and signals the brain to increase food intake.

Leptin

A hormone involved in regulating energy balance by inhibiting hunger, thereby regulating fat storage in the body.

PYY

Peptide YY is a hormone produced in the gut in response to eating, which has been associated with reducing appetite and inhibiting food intake.

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