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Which items count as part of this year's GDP?Group of answer choicesa. final goods [ Choose ] no yesb. intermediate goods[ Choose ] no yesc. newly produced final goods [ Choose ] no yesd. the sale of new final goods [ Choose ] no yese. newly produced capital goods[ Choose ] no yesf. used goods [ Choose ] no yesg. services [ Choose ] no yesh. government transfer payments [ Choose ] no yes

Question

Which items count as part of this year's GDP?

Group of answer choices

a. final goods [ Choose ] no yes

b. intermediate goods[ Choose ] no yes

c. newly produced final goods [ Choose ] no yes

d. the sale of new final goods [ Choose ] no yes

e. newly produced capital goods[ Choose ] no yes

f. used goods [ Choose ] no yes

g. services [ Choose ] no yes

h. government transfer payments [ Choose ] no yes

check_circleAnswer
Step 1

Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If you want remaining sub-parts to be solved, then please resubmit the whole question and specify those sub-parts you want us to solve.

(a)  Yes, final goods are the item that is counted as a part of this year's GDP as GDP is the sum of values of all final goods and services that are not used in further production of goods and services.

Step 2

(b) No, intermediate goods should not be counted in this year's GDP. Intermediate goods are those goods that are used in further production of a good. It should not be counted in this year's GDP as GDP is the ...

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