Which of the following is reflected in the gross domestic product (GDP)?
A)The value of leisure time
B)The value of illegal goods and services
C)The value of final goods produced by firms
D)The cost of depletion of natural resources
E)The value of house maintenance performed by homeowners

Question

Quizplus · Accepted Answer

GDP only reflects the value of final goods produced by firms within a country during a given period of time.

Answer: B, D, and E are not reflected in the GDP. It does not include the value of illegal goods and services, the cost of depletion of natural resources, or the value of non-market activities such as house maintenance performed by homeowners.

Which of the Following Is Reflected in the Gross Domestic