Question

Gross domestic product

a. does not include transfer payments or financial transactions.
b. only includes​ "final" goods and services to avoid double counting.
c. does not include the transfer of​ second-hand goods.
d. all of the above.

Answer 1

Gross Domestic Product (GDP) of a country is the total market value of all the finished products in that country. It is calculated on an annual basis but can be calculated on quarterly basis also. It acts as an indicator of the growth of economy of a country.
GDP includes only final goods and services. It does not include the second hand products, transfer payments and financial transactions.

Answer: (d) ALL OF THE ABOVE