Question

Which of these would be included in GDP?

		the value of charitable donations made to the athletic department
		the money spent hot dog buns purchased to make hot dogs sold at the concession stand.
		a used baseball jersey sold by one fan to another fan
		new tickets sold for baseball games

Answer 1

The GDP measured the market value of final goods and service produced in an economy during a given period of time.

• The value of charitable donations made to the athletic department would not be included in GDP because this transaction does not made to get final goods or service.

• the money spent hot dog buns purchased to make hot dogs sold at the concession stand would not be included in GDP because the hot dog buns are intermediate goods which would be use in the making of final good i.e., hot dogs.

• a used baseball jersey sold by one fan to another fan would not be included in GDP becuase this is just the transfer of right of baseball jersey from one one fan to another. This is not a expenditure on new jersey.

• New tickest sold for baseball games would be included in GDP because this transaction in made to get new tickets.

Answer: Option (D)