No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

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What types of goods are excluded from the GDP?

Posted on April 14, 2014 at 8:10 PM

A nation's gross domestic product reflects the production of goods and services produced legally within a country's borders in one year. The following items are NOT included in the calculation of a country's GDP:

1. Financial transactions (stocks,bonds)

2. Transfer payments

3. Used goods

4. Goods produced overseas

5. Non-market transactions

6. Illegal transactions

7. Unreported transactions

8. Intermediate goods

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AP Macroeconomics Unit 2 Economic Performance

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