Which of the following goods would be included in the calculation of gross domestic product? Select the two correct answers.(1 point)

Question

Responses

Notebooks sold to students.
Notebooks sold to students.

French fries sold to customers at a restaurant.
French fries sold to customers at a restaurant.

Chemicals sold to pharmaceutical developers.
Chemicals sold to pharmaceutical developers.

Steel sold to an automobile manufacturer.
Steel sold to an automobile manufacturer.

Lumber sold to construction firms.

Answer 1

In the calculation of gross domestic product (GDP), only final goods and services are counted, not intermediate goods that are used to produce other goods. Based on this, the two correct answers would be:

1. Notebooks sold to students (final goods)
2. French fries sold to customers at a restaurant (final goods)

The other options (chemicals, steel, and lumber) are considered intermediate goods, as they are sold to businesses for further processing or manufacturing.