Anonymous

What Kinds Of Transactions Are Excluded From GDP?

1

1 Answers

Ellie Hoe Profile
Ellie Hoe answered
There are two kinds of transactions which are excluded from GDP including non-production transfers and second hand sales. There are further three kinds of non-production transaction that are excluded from GDP and they include public transfer payment, private transfer payment and security transactions. All these transactions do not come under GDP calculations. Moreover, second hand sales may include selling the old equipment by an individual.

Answer Question

Anonymous