Suppose in 2020, you purchase a house built in 2014. Which of the following would be included in the gross domestic product for 2020 ? A. the value of the house in 2020 B. the value of the services of the real estate agent C. the value of the house in 2020 minus depreciation D. the value of the house in 2014

Respuesta :

The calculation of a country's GDP encompasses all personal and public consumption, authorities outlays, investments, additions to non-public inventories, paid-in development costs, and the overseas balance of trade. (Exports are delivered to the cost and imports are subtracted).

What is an example of gross domestic product?

If, for example, Country B produced in one year 5 bananas each worth $1 and 5 backrubs each really worth $6, then the GDP would be $35. If in the next yr the charge of bananas jumps to $2 and the portions produced stay the same, then the GDP of Country B would be $40.

Only items and services produced domestically are blanketed inside the GDP. Only newly produced goods - including those that enlarge inventories - are counted in GDP. Sales of used items and sales from inventories of goods that have been produced in previous years are excluded

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