National defence services provided by the military 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.
E) excluded from GDP because they are publicly provided.

Question

Quizplus · Accepted Answer

National defense services are included in GDP at cost because they are government services that are not sold in markets but are valued at their cost of production.

National Defence Services Provided by the Military Are