GDP for a country excludes which of the following?
A) Consumption by the public
B) Imports and exports
C) Illegal economic activities
D) Investment spending by businesses
E) none of the above

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) measures the value of all officially recognized final goods and services produced within a country in a given period. It includes consumption by the public, both imports and exports (although imports are subtracted from GDP), and investment spending by businesses. However, it excludes illegal economic activities because they are not reported to the government and thus not included in official economic statistics.

GDP for a Country Excludes Which of the Following