Leisure time is ignored when calculating GDP because leisure time
A)does not affect our standard of living.
B)has been declining over time.
C)is not an economic good.
D)is not bought in a market.
E)is not productive.

Question

Quizplus · Accepted Answer

Leisure time is not bought or sold in a market, so it is not included in GDP calculations, which focus on market transactions.

Leisure Time Is Ignored When Calculating GDP Because Leisure Time