The gross domestic product (GDP) excludes:

A) the increase in inventories during a given period.
B) the expenditures by government for newly produced goods and services during a given period.
C) the value of intermediate goods produced in an economy during a given period.
D) the value of final output during a given period.
E) household expenditure on durable goods.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a given period of time, typically annually.

Inventories

Raw materials, work-in-progress goods, and completely finished products that companies hold to facilitate business operations.

Intermediate Goods

Products that are used as inputs in the production of other goods or services rather than being bought by consumers.