To be included in GDP, an activity has to involve a market transaction.

Name: To be included in GDP, an activity has to involve a market transaction.
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Question

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In order to be included in GDP, the production of goods or services must involve a market transaction, which means that there has to be some exchange of money or other valuable consideration involved. Non-market activities, such as those done voluntarily or for personal use, are not included in GDP.

To Be Included in GDP, an Activity Has to Involve