Leisure time is ignored when calculating GDP because leisure time
A) is not bought in a market.
B) is not an economic good.
C) is not productive.
D) has been declining over time.
E) does not affect our standard of living.

Question

Quizplus · Accepted Answer

Leisure time is ignored when calculating GDP because it is not bought in a market. GDP measures the market value of all final goods and services produced within a country in a given period, and since leisure time does not have a market transaction associated with it, it is not included.

Leisure Time Is Ignored When Calculating GDP Because Leisure Time