Which nonmarket good or service is included as an estimate in Canadian GDP?
A) the value of unpaid housework
B) the value of vegetables that people grow in their gardens
C) the estimated rental value of owner-occupied homes
D) the estimated value of volunteer work

Question

Quizplus · Accepted Answer

The estimated rental value of owner-occupied homes is included in Canadian GDP as a nonmarket good or service. This is calculated by estimating the amount of rent that homeowners would pay for their own property if it were rented out.

Note: A, B, and D are not included in the calculation of Canadian GDP as they are not market transactions.

Which Nonmarket Good or Service Is Included as an Estimate