Sam,an American citizen,prepares meals for his family at home.Ellen,a Canadian citizen,commutes to the U.S.to help prepare meals at a restaurant in Idaho.Whose value of services preparing meals is included in U.S.GDP?

Question

Quizplus · Accepted Answer

Ellen's services are included in U.S. GDP because she is providing a service within the U.S. economy, regardless of her citizenship. Sam's meal preparation at home is not included in GDP as it is not a market transaction.

Sam,an American Citizen,prepares Meals for His Family at Home