Educational services provided by public schools are:
A)included in GDP at market prices.
B)included in GDP at cost.
C)excluded from GDP because they are not sold in markets.
D)excluded from GDP because they are intermediate goods.

Question

Quizplus · Accepted Answer

Because public educational services are typically not sold in a market, but they are productive activities, economists include the output in GDP at the cost of production.

Educational Services Provided by Public Schools Are