When an individual makes repairs to her own home instead of hiring a company to make the repairs,the activity is

Question

Quizplus · Accepted Answer

When an individual makes repairs to her own home, it is considered a nonmarket activity and therefore excluded from GDP. GDP only measures market transactions where goods and services are exchanged for money. However, the activity can still be considered productive as it adds value to the home.

When an Individual Makes Repairs to Her Own Home Instead