A valid rationale for the decision NOT to include non-compensated housework in Gross Domestic Product (GDP) calculations is that
A) it would decrease the employment rate for domestic work.
B) there is some difficulty in measuring quality and quantity.
C) it is not a product or service.
D) it would understate the value of production in the economy.

Question

Quizplus · Accepted Answer

Non-compensated housework is excluded from GDP calculations primarily because of the difficulty in accurately measuring its quality and quantity. Unlike market transactions, there's no clear way to value these activities, making it challenging to include them in GDP.

A Valid Rationale for the Decision NOT to Include Non-Compensated