The GDP or gross domestic product is one component you can’t ignore in the field of economics. unanswered roberto gives his daughter $50 for her birthday. General Motors build a new plant.C. child care a father provides for his child. * Intermediate goods - These are goods or services used in the production of a final good or service. NX if the item is counted as net exports. b. Delta sells one of its existing airplanes to Korean Air. Key Takeaways. answer choices . Join Yahoo Answers and get 100 points today. 180 seconds . Please enter the letter C, I, G, NX, or N to represent consumption, investment, government spending, net exports, or none. which of the following transactions is not counted in gdp? a) You purchase a used copy of the textbook published in 2010. b) A drug dealer sells $500 worth of illegal drugs. Tags: Question 8 . (Assume that none of the transactions is concealed from the relevant authorities.) 180 seconds . There may be more than one.) d) You purchase a new copy of your textbook that was published in 2012. Which of the following will be counted as an expenditure in the measurement of GDP? clean air. GDP by the formula gets calculated as the sum of investment, consumption, and government purchases. For instance, if a laptop produced in the year 2000 is resold in 2006, the GDP of 2006 will not include the resale value of the laptop because this is a mere transfer of ownership entailing no creation of new value. non-market goods and services. Investment is $50 billion, government purchases of goods and services are $40 billion, and lump-sum taxes are $40 billion. any nonmarket good and services. E. The GDP can be estimated by adding the value added by all the different sectors of the economy. Which of the following is typically not counted in GDP? G if the item is counted as government spending. illegal drug sales. Increases in the price level resulting from an increase in resource costs and hence in per-unit production costs. click the box with a check mark for correct answers and click to empty the box for the wrong answers. ... Will this be counted in GDP? Which of the following transactions is included in GDP for the US? Company A successfully launches a hostile takeover of company B, inwhich it purchases all the assets of company B.D. D . Explain your answers. kerry buys a new sweater to wear this winter. G 5. The GDP stands for all the production of a country within its shores. Sugar is both a final good (sold directly to consumers) and an intermediate good (sold to bakers). Multiple choice The gross domestic product, or GDP, of the United States was about $\$ 10.99$ trillion in 2003 . A consumer purchases a new car. Kerry buys a new sweater to wear this winter. A)the cost of the reconstruction and cleanup following September 11, 2001. a. 4) You buy 5 quarts of oil and change the oil in your car. that the value of output in 2002 was around $10 trillion. Which of the following transactions would not be counted in GDP? YES. unanswered patricia receives a social security check. C.)A street gang earns $2 million from selling illegal drugs. all of the above. A. So, current transactions involving assets and property produced in previous periods are not counted in the current GDP. Explain your answers, a. Blog. )General Motors purchases 10,000,000 tires from Firestone. The following are excluded. Answer (1 of 1): General Motors issues new shares of stock to finance the constructionof a plant.B. B. discuss currency, demographics, economic growth, risks, GDP, GDP, unemployment, inflation, and interest rates. The government increases its defense expenditures by $1,000,000,000. neither GDP nor GNP. quizlet. a. 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