The value of leisure time is
A)included in GDP and,in recent years,has become an increasing large part of GDP.
B)excluded from GDP.
C)zero.
D)directly included in GDP but,in recent years,has become a decreasing large part of GDP.
E)directly included in GDP and,in recent years,has not changed much as a fraction of GDP.

Question

Quizplus · Accepted Answer

Leisure time is not a tangible, marketable good or service, and therefore, it is not included in GDP. GDP only measures the monetary value of goods and services produced in a country during a given period of time. Therefore, the value of leisure time is excluded from the calculation of GDP.

The Value of Leisure Time Is