Nonpriced production is not included in GDP because these activities do not contribute to economic activity.

Question

Quizplus · Accepted Answer

Nonpriced production refers to the production of goods and services for personal use or for non-commercial purposes, such as household services, volunteer work and unpaid childcare. Although these activities may have value, they are not included in GDP because they are not sold in the market or exchanged for money, and therefore do not directly contribute to economic activity.

Nonpriced Production Is Not Included in GDP Because These Activities