An example of an imputed value in the GDP is the:
A) value-added of meals cooked at home.
B) housing services enjoyed by homeowners.
C) services of automobiles to their owners.
D) value of illegal drugs sold.

Question

Quizplus · Accepted Answer

The imputed value of housing services enjoyed by homeowners is included in GDP as an estimate of the value of the housing services that homeowners provide to themselves by living in a house that they own. This value is based on the rental value of a similar property in the market. Other options such as value-added of meals cooked at home, services of automobiles to their owners, and value of illegal drugs sold are not included in GDP as they do not represent legitimate economic transactions.

An Example of an Imputed Value in the GDP Is