Which of the following items would be included in the GDP accounts?
A) personal time spent learning how to use accounting software
B) personally rotating the tires on your neighbor's car
C) caring for your aged grandmother at home
D) $50 consultation on the phone with a psychic adviser

Question

Quizplus · Accepted Answer

Only the consultation with the psychic adviser involves a monetary transaction and is considered an expenditure that contributes to GDP. Option A involves personal time, option B is a non-monetized service, and option C is also a non-monetized service.

Which of the Following Items Would Be Included in the GDP