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1. State which of the following is included in calculating gross domestic product in
country and give a reason for each case:
(a) Services charges to an agent for an exchange of second hand goods
(b) Doctor's consultation fees
(c) Profits earned by a domestic firm in another country
(d) Rent earned by a resident from a property overseas

Respuesta :

marvineetesh3

The factors that are included in calculating gross domestic product in country, the Services charges to an agent for an exchange of second hand goods and Doctor's consultation fees.

What is Gross Domestic Product?

Gross domestic product (GDP) is a monetary indicator of the market worth of all final products and services produced by countries over a given time period.

The formula of Gross Domestic Product is:

[tex]\text{GDP} = \text{Consumption + Investment + Government Spending + Net Exports}[/tex]

There are also the other factors the must be included in the calculation of GDP.

The Services charge to an agent for an exchange of secondhand items and Doctor's consultation fees are factors that are included in the calculation of gross domestic product in the country. These are included because they are the economic activities.

Therefore, the correct options are A and B.

Learn more about the GDP, refer to:

https://brainly.com/question/4131508

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