The U.S.GDP includes
A)wine harvested and bottled in California.
B)increases in the divorce rate.
C)time spent studying for an exam.
D)the exchange of four shirts for four skirts at a consignment store.

Question

Quizplus · Accepted Answer

The U.S. GDP includes the market value of all final goods and services produced within a country in a given period. Wine harvested and bottled in California is a final good produced within the U.S., so it is included in the U.S. GDP. Increases in the divorce rate, time spent studying for an exam, and barter transactions like the exchange of shirts for skirts do not involve the production of new goods or services sold in the market, so they are not included in GDP.

The U.S.GDP Includes