Which of the following goods and services are omitted from GDP?
A)household production
B)capital goods
C)expenditure on resources used to protect the environment
D)government weather satellites
E)services such as hair stylings

Question

Quizplus · Accepted Answer

Household production, such as cleaning and cooking done by individuals within their own homes, is not included in GDP calculations.

Answer: B 
 Capital goods, such as machinery and equipment used in the production of goods and services, are not measured in GDP as they are not final goods or services purchased by consumers.

Answer: C 
 Expenditures on resources used to protect the environment, such as pollution-control equipment, are not included in GDP as they are not final goods or services purchased by consumers.

Answer: D 
 Government weather satellites are not included in GDP as they are not final goods or services purchased by consumers.

Answer: E 
 Services such as hair stylings are included in GDP as they are final goods or services that are purchased by consumers.

Which of the Following Goods and Services Are Omitted from GDP