Which of the following is not included in GDP?

Question

Quizplus · Accepted Answer

Unpaid services, such as cleaning and maintaining houses, are not included in GDP because they do not involve market transactions or the exchange of money. GDP only includes the value of goods and services that are produced and exchanged in the market.

Answer: C
 The estimated rental value of owner-occupied housing is not included in GDP because it is not a market transaction. Even though owner-occupied housing provides a valuable service to households, it is not part of the market economy, and therefore is not included in GDP.

Answer: D
 The production of foreign citizens living in the United States is included in GDP because it involves the production of goods and services within the borders of the country. GDP measures the total value of goods and services produced within a country's borders, regardless of who produces them.

Therefore, the correct answer is A.

Which of the Following Is Not Included in GDP