The calculation of GDP excludes the value of_____

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  1. The calculation of GDP excludes the value of
    a. government expenditure on office supplies.
    b. households’ purchases of shampoo.
    c. businesses’ purchase of new machine tools.
    d. a family member painting the family home.
    e. expenditure on durable goods.
  2. Real GDP is the value of final goods and services produced in a year
    a. expressed in the prices of that same year.
    b. during a recession.
    c. minus depreciation.
    d. expressed in the prices of a base year.
    e. minus the value of all intermediate goods produced.