GDP has several major exclusions, including:
A) economic activity that does not occur in a market.
B) items resold during the period.
C) legally sold items that are non-taxable.
D) illegal activity.
E) all of the above.

Question

Quizplus · Accepted Answer

GDP measures the market value of all final goods and services produced within a country in a given period. It excludes non-market activities (like household chores), resold items (since they were counted when first sold), non-taxable legal items (if they don't involve a market transaction), and illegal activities (as they are not officially recorded in market transactions).

GDP Has Several Major Exclusions, Including