Which of the following is NOT included in real GDP?
A) production of services, such as the services of hair dressers
B) production of goods that last less than a year, such as production of hot dogs
C) production that takes place in the underground economy
D) production of goods that last more than a year, such as a pair of roller blades

Question

Quizplus · Accepted Answer

Real GDP includes all legally produced goods and services within a country's borders in a given period, regardless of their durability. However, it does not include production in the underground economy, which consists of unreported or illegal economic activities.

Which of the Following Is NOT Included in Real GDP