Which of the following would NOT be included in the calculation of Gross Domestic Product?(1 point)

Question

Responses

Lumber sold to a commercial construction firm
Lumber sold to a commercial construction firm

Notebooks sold to students
Notebooks sold to students

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

A submarine purchased by the US Government
A submarine purchased by the US Government

Answer 1

Gross Domestic Product (GDP) measures the total value of all final goods and services produced in a country during a specific period. It excludes intermediate goods to avoid double counting.

Among the options given, the lumber sold to a commercial construction firm would NOT be included in the calculation of GDP because it is an intermediate good, used in the production of final goods (like buildings), rather than a final good sold directly to consumers.

So the correct answer is:

Lumber sold to a commercial construction firm.