Gross domestic product calculations include:

Question

Quizplus · Accepted Answer

Government purchases of goods and services are one of the four components of GDP calculation, along with consumption, investment, and net exports. The opportunity cost of leisure and nonmarket transactions are not considered in GDP calculations. Activities in an underground economy are typically not reported and therefore not included in GDP calculations. Positive externalities are not directly factored into GDP calculations, but they can have an indirect impact on economic growth.

Gross Domestic Product Calculations Include