In the process of calculating the Gross Domestic Product (GDP), which of the following goods would NOT be included in the final count?
-
A smartphone sold directly to a consumer by an electronics store
-
Cotton sold by a farmer to a textile company
-
Iron ore sold to a steel mill for making steel
-
A book purchased by a customer at a bookstore
OPTIONS:
-
Only A and B
-
Only B and C
-
Only A and D
-
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
The rest of the post is locked. Join Teachoo Black to see the full post.