Which of the following goods and services are omitted from GDP?
A)capital goods
B)expenditure on resources used to protect the environment
C)government weather satellites
D)household production
E)services such as hair stylings

Question

Quizplus · Accepted Answer

Household production is not included in GDP because it involves goods and services produced and consumed within the home, without any market transaction.

Which of the Following Goods and Services Are Omitted from GDP