Which of the following is not be included in the calculation of a nation’s GDP?

A
money spent on hair cuts at a hair salon

B
soda sales at a restaurant

C
the sale of a newly produced good, like a new car

D
the sale of a previously owned good, like a used car

Gross domestic product or GDP can be defined as the standard which is used to measure the total value that has been created by the production of new goods and services in a particular period of time in a country. The sale of previously own good like a used car is not included in the nation's GDP as it only counts the sale of goods produced in a certain time of the year and profit obtained from it.

Which of the following is not be included in the calculation of a nation’s GDP? A money spent on hair cuts at a hair salon B soda sales at a restaurant C the sale of a newly produced good, like a new car D the sale of a previously owned good, like a used car

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Which of the following is not be included in the calculation of a nation’s GDP?

A
money spent on hair cuts at a hair salon

B
soda sales at a restaurant

C
the sale of a newly produced good, like a new car

D
the sale of a previously owned good, like a used car