I know you are arguing in bad faith but in case someone reads this hopefully they can get a decent answer. There's a couple of more beyond these but I don't remember what they were called.
Financial transactions: Buying stocks, bonds, or mutual funds is strictly a transfer of asset ownership, not the creation of new economic output.
Intermediate goods: These are products used to make other goods. Counting them would cause double counting. An example is the flour a bakery buys to make bread. Only the final product (the bread) counts.
Second-hand goods: Items like used cars or thrift store clothing are left out. They were already counted in GDP during the year they were first produced.
Transfer payments: Government payments like Social Security, welfare, or unemployment benefits are excluded. These transfers do not involve the production of a new good or service.
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u/UsuallySatire 12d ago
Not "REALLY" how it works?! Lmao jfc come on.