Which of the following is included in GDP?
A)The value of illegally produced goods
B)The value of housework by a stay-at-home dad
C)The value of volunteer work done at a local homeless shelter
D)The cost of government-provided social services

Question

Quizplus · Accepted Answer

The cost of government-provided social services is included in GDP as it is a form of government expenditure.

Note: Options A, B, and C are not included in GDP. Illegally produced goods are not part of the formal economy and are therefore not included in GDP. Housework by a stay-at-home dad and volunteer work are not considered economic activities that generate income, output or expenditure and are therefore not included in GDP.

Which of the Following Is Included in GDP