Question

1. Which of the following would not be included when calculating Gross Domestic

Product?
A. Goods sold in a particular country.
B. The secondhand sale of used goods,
C. Houses built in a country.
D. Government spending on national defense

Answer 1

The correct answer would be D, Government spending on national defense.

Step-by-step explanation:

Gross Domestic Product GDP of a country is the value of goods and services produced in a country in one given year. It includes all the money generated from the sale of goods and from the services provided in an year. Goods sold in a particular country, secondhand sale of used goods and houses built and sold in a country, all come under the Gross domestic product of a country. But spending doesn't come under GDP. So option D i-e Government Spending on national defense won't be included while calculating the GDP of a country.

Answer 2

Among the options given on the question the correct answer is option B.

The secondhand sale of used goods .

Explanation: GDP is the Gross Domestic Product of a country which means the total production of a nation. GDP is counted annually.

The GDP is the addition result of the consumption,investment,government purchase and the result of export minus from import.So the GDP indicates the growth of the economy of a nation.But the production or sale of every product is not counted in the GDP.

Like as the things produced outside of the country, the secondhand sales of used goods, production of a intermediate product which is used in the final product, illegal products sell which is called as the black market.

So, the option 'The secondhand sell of used goods 'is the answer.