Childcare provided by a nanny is not included in the GDP if the parents pay the nanny "under the table."

Name: Childcare provided by a nanny is not included in the GDP if the parents pay the nanny "under the table."
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Question

Quizplus · Accepted Answer

GDP measures the value of all final goods and services produced within a country's borders in a given period, including legal market transactions. Payments made "under the table" are not reported to the government and thus are not included in GDP calculations.

Childcare Provided by a Nanny Is Not Included in the GDP