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Question
Which of the following goods would be included in the calculation of gross domestic product? Select the two correct answers.(1 point)
Responses
Chemicals sold to pharmaceutical developers.
Chemicals sold to pharmaceutical developers.
Lumber sold to construction firms.
Lumber sold to construction firms.
Notebooks sold to students.
Notebooks sold to students.
French fries sold to customers at a restaurant.
French fries sold to customers at a restaurant.
Steel sold to an automobile manufacturer.
1 answer
In the calculation of gross domestic product (GDP), only final goods and services that are sold to consumers are included. Intermediate goods, like chemicals, lumber, and steel that are sold to businesses for production, are not included because their value is already captured in the final product.
The two correct answers that would be included in the calculation of GDP are:
