Nonmarket production is not counted in GDP because these activities:
A) are not priced.
B) are considered intermediate goods.
C) do not contribute to economic activity.
D) happen inside the home.

Question

Quizplus · Accepted Answer

Nonmarket production refers to goods and services that are not traded in a market, such as household production of meals or cleaning services. These activities are not priced and therefore cannot be included in GDP.

Nonmarket Production Is Not Counted in GDP Because These Activities