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Gross Domestic Product: Items Excluded from National Production

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following would be included in the GDP?

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1. Which of the following scenarios would be included when calculating the GDP?

2. Which is TRUE of the market value of an intermediate good?

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About This Quiz & Worksheet

This quiz/worksheet combo will test your knowledge of gross domestic product (GDP). You'll be asked to identify items that are included in the GDP calculation.

Quiz & Worksheet Goals

In these assessments you'll be tested on:

  • Intermediate goods
  • Transfer payments
  • Items excluded from GDP calculations

Skills Practiced

  • Making connections - use understanding of the concept of gross domestic product
  • Interpreting information - verify that you can read information regarding GDP exclusions and interpret it correctly
  • Information recall - access the knowledge you've gained regarding how to determine the GDP

Additional Information

To learn more, review the lesson titled Gross Domestic Product: Items Excluded from National Production. This lesson will help you:

  • Define GDP, or Gross Domestic Product
  • Learn the formula for calculating GDP
  • Identify items that are not included in a country's GDP
  • Understand examples of goods not included in the GDP
  • Differentiate between final goods and intermediate goods
  • Recognize examples of final and intermediate goods
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