Goods and services such as environmental quality,leisure time,and household production are not included in GDP because they are not
A)productive activities.
B)for consumption.
C)bought in markets.
D)made for profit.
E)really durable goods.

Question

Quizplus · Accepted Answer

Goods and services such as environmental quality, leisure time, and household production are not included in GDP because they are not bought in markets. GDP only measures economic activity that occurs within formal markets, such as the buying and selling of goods and services. Environmental quality, leisure time, and household production are not bought or sold in markets, and therefore are not included in GDP.

Goods and Services Such as Environmental Quality,leisure Time,and Household Production