Question 9 Which of the following does not contribute to GDP? (1) You pay \( \$ 300 \) for this month's rent on your apartment. (2) Your economics textbook is revised, and you buy the new edition. (3) You pay a doctor \( \$ 200 \) to treat an arm that you broke in an accident. (4) You lose \( \$ 50 \) playing cards with friends.

Did you know that Gross Domestic Product (GDP) measures the total economic output of a country but does not include all transactions? For instance, gambling losses like the \( \$ 50 \) you lost playing cards with friends do not count towards GDP, as they are not tied to a productive economic activity—it's just luck and leisure! In a practical sense, the components contributing to GDP usually include consumption, investment, government spending, and net exports. So, while your rent, textbook purchase, and doctor’s fee are all part of the economy, that card game little loss remains a private affair, reflecting just entertainment and not economic activity.