GDP can be calculated by all of the following methods except...

GDP measures an economy’s production, but it is calculated by looking at the buying and selling that occurs in an economy. Using the expenditures (buying/approach to calculate GDP) list the four sectors of the economy that can buy goods/services and what we call the components of buying from each of these sectors.

In the calculation of GDP, the purchase of second-hand goods is included in:

Which of the following transactions are or are not included in GDP?  1. The pollution created when building an electric car battery. 2. Your parent washes, dries, and folds your laundry. 3. You consume a meal at Jack in the Box.  4. You buy a Rolex watch on the streets of Redwood City.  5. You volunteer to help clean up at your church after services on Sunday. 6. You write a Yelp review of Dr. Eck's restaurant.

Which is not considered to be a GDP investment?   The building of an apartment complex   Additions to inventories at steel plants   Purchase of shares of company stock   Construction of a new factory

Explain the difference between GDP and GNP. If the residents of Oman generate as much production in the rest of the world as the rest of the world produces in Oman, what should be true about Oman GDP and GNP?

what is the difference between nominal GDP and real GDP? what is the methodological procedure to calculate each concept?