Which of the following transactions would certainly not be counted in GDP? Exsimple your answers.
You are watching: Which of the following transactions is not counted in gdp
a. General Motors problems new shares of stock to finance the building of a plant.
b. General Motors builds a new plant.
c. Company kind of A effectively launches a hostile takeover of company B, in which company A purchases all the assets of firm B.
d. Your grandmom wins $10 million in the lottery.
e. You buy a new copy of this textbook.
f. You buy a used copy of this textbook.
g. The federal government pays out Social Security benefits.
h. A public utility installs brand-new antipollution equipment in its smokestacks.
i. Luigi’s Pizza buys 30 pounds of mozzarella cheese, holds it in inventory for 1 month, and then provides it to make pizza (which it sells).
j. You spend the weekfinish cleaning your apartment.
k. A drug dealer sells $500 worth of illegal drugs.
Jan 28 2021 10:38 AM
1 Approved Answer
Nishtha Nanswered on January 30, 2021
Things not contained in calculating GDP are- d) your grandmother wins $10 millions in lottery -as it is a move payment and also no new worth is created below so it is excluded. f) you buy a provided copy of textbook - sale or purchase of offered or second hand goods are excluded as they are not developed in the existing duration. g) federal government pays out social defense benefits - social protection benefits are component of transfer payment so they are excluded. i) Luigi’s Pizza buys 30 pounds of mozzarella...
ese, holds it in inventory for 1 month, and then supplies it to make pizza - as inventories are not consisted of only final items are included j) you spfinish the weekfinish cleaning your apartment- non industry and also domestic tasks are not counted in GDP. k) A drug sells $500 worth of illegal drugs - just sale of legal items are consisted of.
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