Final answer:
All listed totals and subtotals (Gross profit, Operating income, Net income, Cost of goods sold) are found on a multiple-step income statement. The question appears to conflate elements of an income statement with GDP inclusion. Relevant GDP items include the cost of hospital stays, paid child care, and new car sales; the others listed are not included in GDP.
Step-by-step explanation:
On a multiple-step income statement, all of the totals and subtotals listed are indeed found. They include 1) Gross profit, which is calculated as sales revenue minus the cost of goods sold; 2) Operating income, which is derived from gross profit minus operating expenses; 3) Net income, the bottom line, calculated as operating income minus any non-operating expenses, taxes, and interest; and 4) Cost of goods sold, which is a direct cost attributed to the production of the goods sold by a company.
The subject seems to be confused with items included in the Gross Domestic Product (GDP). Looking at the question from that angle:
- The cost of hospital stays (a) is included in GDP as it is part of healthcare services consumed.
- Child care provided by a licensed day care center (c) is included in GDP as it is a paid service.
- A new car sale (f) contributes to GDP as it reflects consumption of new goods within the economy.
However, the rise in life expectancy (b), child care provided by a grandmother (d), a used car sale (e), the greater variety of cheese available in supermarkets (g), and the iron that goes into the steel for a consumer product (h) are not counted in GDP calculations. The rise in life expectancy is a non-monetary outcome, unpaid child care does not involve a market transaction, used car sales are not production of new goods, the variety of goods does not reflect economic production value, and intermediate goods like the iron in steel for consumer products are not counted to avoid double counting.