Which of the following is not included in U.S. GDP?

Question

Quizplus · Accepted Answer

Unpaid cleaning and maintenance of houses, also known as household work, is not included in U.S. GDP as it is not considered a market transaction and there is no payment involved.

Answer: C
 The estimated rental value of owner-occupied housing is not included in U.S. GDP as it is a non-market transaction and there is no explicit payment involved. Instead, the GDP includes only the imputed rental value which is calculated based on the value of the house and the prevailing market rent.

Answer: D
 Production of foreign citizens living in the United States is included in U.S. GDP as it is a part of the overall economic activity in the country, regardless of the nationality of the individuals involved. Therefore, it would not be a correct option for the question.

Thus, the correct answer is A and C.

Which of the Following Is Not Included in U