Which of the following is NOT included in real GDP?
A) production of services, such as the services of doctors
B) production of goods that last more than one year, such as television sets
C) production of goods that do not last more than one year, such as gasoline
D) production in the home

Question

Quizplus · Accepted Answer

Real GDP includes all goods and services produced for the market, including services (A), durable goods (B), and non-durable goods (C). However, it does not include non-market production such as household work or production in the home (D).

Which of the Following Is NOT Included in Real GDP