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Which of the following items is included in GDP?

  1. Wine sold in the supermarket

  2. Cars produced in factories but still not sold

  3. Unemployment benefits paid by the government

  4. A beer consumed by the foreign tourists in a bar

  5. Washing up once dishes at home

  6. A just married couple that buys a new house

  7. A student who rents a recently built apartment

  8. A donation from father to son

  9. When one buys an item from website in a foreign country.

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Related Questions

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total income and total expenditure are included when calculating GDP.


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the GDP would be overstated


What is included in GDP and what is excluded from GDP?

GDP is the value of all the goods and services produced in the country in one year. Money earned outside of the country is not included.


What is included in total current assets?

1. Following are the items included In total current assets:Cash in handBankAccounts receivableNotes receivableInventory


Are taxes included in the calculation of GDP?

Yes, taxes are not included in the calculation of GDP. GDP measures the total value of goods and services produced within a country's borders, excluding taxes.


Are investments included in GDP calculations?

Yes, investments are included in GDP calculations. This includes business investments in equipment, structures, and residential construction.


Are transfer payments included in GDP calculations?

No, transfer payments are not included in GDP calculations because they do not represent actual production of goods and services.


Are wages included in the calculation of GDP?

Yes, wages are included in the calculation of GDP as they represent the total income earned by individuals in an economy from their work.


Are government subsidies included in GDP?

yes


Is GDP connected to government spending?

Yes, government spending is included in the expenditures calculations of GDP.


In the calculation of GDP, the value of a new house constructed by a firm is included in which component?

The value of a new house constructed by a firm is included in the investment component of GDP.


What was the GDP of us in 1919?

In the year 1919, the GDP of US was at 78.3. The GDP rose to 88.4 in the following year.