Which of the following goods and services are omitted from GDP?
A)household production
B)capital goods
C)expenditure on resources used to protect the environment
D)government weather satellites
E)services such as hair styling

Question

Quizplus · Accepted Answer

Household production, such as cooking at home or cleaning the house, is not included in GDP because it is not produced for sale in the market.

Answer: B 
 Capital goods, such as machinery or equipment, are not included in GDP because they are used to produce other goods and services, and their value is already included in the final product.

Answer: C 
 Expenditures on resources used to protect the environment, such as pollution control equipment, are not included in GDP because they are not considered final goods or services produced for sale in the market.

Answer: D 
 Government weather satellites are not included in GDP because they are considered intermediate goods that are used in the production of other goods and services, such as weather forecasting services.

Answer: E
 Services such as hair styling are included in GDP because they are produced for sale in the market and contribute to the economy's overall output.

Which of the Following Goods and Services Are Omitted from GDP