Which of the following is NOT included in GDP?
A)the payments for a chiropractor's services
B)the fees for legal services rendered by your lawyer
C)the replacement of brake pads on your six-year-old vehicle
D)the cash income paid to a day labourer that is not reported to the tax authorities

Question

Quizplus · Accepted Answer

GDP does not include unreported income, such as cash payments to a day laborer that are not reported to tax authorities, as these transactions are part of the informal economy and not captured in official GDP statistics.

Which of the Following Is NOT Included in GDP