A major category of economic activity that is not counted as part of GDP is:

Question

Quizplus · Accepted Answer

Home production (such as cooking and cleaning in your own home) is not counted as part of GDP, as it is not a market transaction. The underground economy (such as black market transactions and illegal activities) is also not included in GDP, as it is not officially recorded or regulated. Nonmarket externalities, such as environmental degradation, are not directly included in GDP calculations, although they can have indirect effects on economic activity. Therefore, all of these options are not included in GDP.

A Major Category of Economic Activity That Is Not Counted