D. Toilet paper purchased by a family
E. Steel used by a car manufacturer
Which of the following goods would be included in the calculation of gross domestic product?
A. Cleaning services paid for “under the table”
B. Plumbing services by a plumber in his own home
C. Used clothes sold at a garage sale
D. Toilet paper purchased by a family
E. Steel used by a car manufacture
3 answers
which is it
E. Steel used by a car manufacturer
Only goods that are produced within a country's borders and sold legally in markets are included in the calculation of gross domestic product (GDP). Toilet paper purchased by a family would also be included in GDP as it is a good purchased in the legal market.
Only goods that are produced within a country's borders and sold legally in markets are included in the calculation of gross domestic product (GDP). Toilet paper purchased by a family would also be included in GDP as it is a good purchased in the legal market.
1 answer