Which nonmarket good or service is included as an estimate in Canadian GDP?
A) the value of unpaid child care
B) the value of clothes made by a parent for their child
C) the estimated rental value of owner-occupied homes
D) the estimated value of volunteer work

Question

Quizplus · Accepted Answer

The estimated rental value of owner-occupied homes is included in Canadian GDP as it is a nonmarket good or service that contributes to the economy. The other options (A, B, and D) are nonmarket goods or services, but they are not included in GDP estimates as they do not involve a market transaction or monetary value.

Which Nonmarket Good or Service Is Included as an Estimate