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30 May, 09:26

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.

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Answers (1)
  1. 30 May, 10:35
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    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.
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Home » Business » 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.
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