CIMA BA1 · Chapter 1 · Question 9 of 10
Which of the following would be included in the calculation of gross domestic product?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Salaries paid to nurses employed in a state-funded hospital
Explanation
GDP measures the value of current production. Nurses' salaries are payment for current services and are included. Pensions are transfer payments with no corresponding output, second-hand sales were counted when first produced, and share purchases are transfers of ownership of financial assets.
More National income and the macroeconomy MCQs
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