Which of the following expenditures would not be included in GDP?

A) Purchase of a ticket to the latest movie.

B) Purchase of a silver cup previously sold new in 1950.

C) Purchase of a new lawnmower.

D) All of these would be counted in GDP.

Question

Kelsie Rowe

Business

27 December, 13:34

Which of the following expenditures would not be included in GDP?

A) Purchase of a ticket to the latest movie.

B) Purchase of a silver cup previously sold new in 1950.

C) Purchase of a new lawnmower.

D) All of these would be counted in GDP.

+3

Answers (1)

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Dracula · Answer 1

Answer: Option B

Explanation: In simple words, GDP refers to the market value or the price of goods and services that are produced in an economy within a year. It constituents are consumption, investment, government expenditure and net exports.

The purchase of ticket and new lawnmower is a consumption while the silver cup belongs to some previous year.

Hence the correct option is B.

Which of the following expenditures would not be included in GDP?A) Purchase of a ticket to the latest movie.B) Purchase of a silver cup previously sold new in 1950.C) Purchase of a new lawnmower.D) All of these would be counted in GDP.

Which of the following expenditures would not be included in GDP?

A) Purchase of a ticket to the latest movie.

B) Purchase of a silver cup previously sold new in 1950.

C) Purchase of a new lawnmower.

D) All of these would be counted in GDP.