In the process of calculating the Gross Domestic Product (GDP), which of the following goods would NOT be included in the final count?

  1. A smartphone sold directly to a consumer by an electronics store

  2. Cotton sold by a farmer to a textile company

  3.  Iron ore sold to a steel mill for making steel

  4. A book purchased by a customer at a bookstore

OPTIONS:

  1. Only A and B

  2. Only B and C

  3. Only A and D

  4. All A, B, C, and D

Answer:

Answer by Student 

So, the correct answer is option (B): Only B and C

Detailed answer by Teachoo

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo