Joe has a full-time construction job and also does odd jobs for people on the weekends.You have purchased the materials needed to construct a fence at your house and you pay Joe $500 to build the fence.Does the payment to Joe count toward the value of gross domestic product (GDP) ?
A) Yes,the fence increases the value of your house.
B) Yes,all income earned counts in GDP.
C) No,his is a nonmarket activity.
D) No,this income is not likely to be reported to the government.
E) No,this is a leisure activity.
Correct Answer:
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