Which of the following is included when measuring GDP?
A)the value of services of durable goods purchased in previous years
B)the value of leisure time
C)the value of services provided by housewives and househusbands
D)the rental income received by a landlord

Question

Quizplus · Accepted Answer

Rental income received by a landlord is included in GDP.

The other options are not included in GDP. The value of services of durable goods purchased in previous years is not included because it has already been counted in the year of purchase, and GDP only measures the value of goods and services produced in the current year. The value of leisure time is not included because it is not a market transaction. The value of services provided by housewives and househusbands is not included because they are not paid for their services and there is no market transaction involved.

Which of the Following Is Included When Measuring GDP