To determine which option is included in Gross Domestic Product (GDP), we need to understand what GDP measures. GDP reflects the total value of all final goods and services produced within a country in a given period.
Let’s examine the options:
- a. The value of a used car a man purchases from a car dealer: This is not included in GDP because it is a transaction involving a used item, which was counted in GDP when it was first sold as new.
- b. The value of the stocks and bonds an analyst purchases from a firm: This also does not count towards GDP as it involves financial transactions of existing assets rather than the production of new goods or services.
- c. The value of a meal a mother cooks for her family: While this is a service provided, it is not included in GDP because it is not a market transaction. However, if she were to cook this meal and sell it, then it would count.
- d. The value of c: Since option c is not included in GDP, this option is also not included.
Therefore, none of the provided options are included in GDP. It’s imperative to look at newly produced goods and services within a specific time frame when considering GDP.