Final answer:
Discontinued operations are not involved in the determination of income from continuing operations. For GDP, the cost of hospital stays, child care by a licensed center, new car sales, and the iron in steel for consumer products are included; while life expectancy, unpaid child care, used car sales, and the variety in cheese are not.
Step-by-step explanation:
The item not included in the determination of income from continuing operations is a) Discontinued operations. Items such as b) Restructuring costs, c) Long-lived asset impairment loss, and d) Unusual loss from a write-down of inventory are all considered part of continuing operations.
Discontinued operations involve components of an entity that have been disposed of or are classified as held for sale, and they are presented separately in the financial statements because they do not reflect ongoing operations. On the other hand, the other listed costs and losses directly relate to the core of the business activities and therefore are accounted for within income from continuing operations.
In terms of Gross Domestic Product (GDP), the following are included: a) The cost of hospital stays, c) Child care provided by a licensed day care center, f) A new car sale, and h) The iron that goes into the steel that goes into a refrigerator bought by a consumer.
GDP encompasses final goods and services produced within a country in a given period of time, and these categories reflect economic output. However, b) The rise in life expectancy over time, d) Child care provided by a grandmother, e) A used car sale, and g) The greater variety of cheese available in supermarkets are not included in GDP calculations because these items do not involve the production of new goods and services within the economy.