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Which of the following expenditures would not be included in GDP? A) Purchase of a ticket to the latest movie. B) Purchase of a silver cup previously sold new in 1950. C) Purchase of a new lawnmower. D)
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Which of the following expenditures would not be included in GDP?

A) Purchase of a ticket to the latest movie.
B) Purchase of a silver cup previously sold new in 1950.
C) Purchase of a new lawnmower.
D) All of these would be counted in GDP.

User Mark Wealse
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6.1k points

1 Answer

7 votes

Answer: Option B

Explanation: In simple words, GDP refers to the market value or the price of goods and services that are produced in an economy within a year. It constituents are consumption, investment , government expenditure and net exports.

The purchase of ticket and new lawnmower is a consumption while the silver cup belongs to some previous year.

Hence the correct option is B .

User Per Henrik Lausten
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5.2k points
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