Leisure time is ignored when calculating GDP because leisure time
A)does not effect our standard of living.
B)has been declining over time.
C)is not an economic good.
D)is not bought in a market.
E)is not productive.

Question

Quizplus · Accepted Answer

Leisure time is not included in GDP calculations because it is not bought or sold in a market, and GDP measures the market value of all final goods and services produced.

Leisure Time Is Ignored When Calculating GDP Because Leisure Time