An example of an imputed value in the GDP is the:
A)value added of meals cooked at home.
B)housing services enjoyed by homeowners.
C)rental services of automobiles to their owners.
D)value of illegal drugs sold.

Question

Quizplus · Accepted Answer

Imputed values in GDP are estimates of the value of goods or services that are not sold in the market. Housing services enjoyed by homeowners are imputed because they do not involve a market transaction but are considered part of GDP.

An Example of an Imputed Value in the GDP Is