Asked by
Jeremy Ramirez
on Oct 13, 2024Verified
Which of the following economic transactions would not be included in GDP?
A) Price of laundering shirts at the laundry
B) Playing roulette in Las Vegas
C) Eating home-grown tomatoes
D) Eating peaches from the corner fruit stand
E) Buying a new car
Home-grown Tomatoes
Tomatoes that are cultivated in personal gardens or small-scale farms, typically for personal consumption rather than commercial sale.
GDP
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
- Identify what is included and excluded in GDP calculations.
Verified Answer
AS
Learning Objectives
- Identify what is included and excluded in GDP calculations.