The value of leisure time is
A)directly included in GDP but, in recent years, has become a decreasing large part of GDP.
B)zero.
C)included in GDP and, in recent years, has become an increasing large part of GDP.
D)excluded from GDP.
E)directly included in GDP and, in recent years, has not changed much as a fraction of GDP.

Question

Quizplus · Accepted Answer

Leisure time is not directly included in GDP calculations because GDP measures the market value of all final goods and services produced, and leisure time does not have a market transaction or price associated with it.

The Value of Leisure Time Is