Which of the following is included in GDP?
A)the value of illegally produced goods
B)the value of housework by a stay-at-home dad
C)the value of volunteer work done at a local homeless shelter
D)the cost of government-provided social services

Question

Which of the following is included in GDP?
A)the value of illegally produced goods 
B)the value of housework by a stay-at-home dad 
C)the value of volunteer work done at a local homeless shelter 
D)the cost of government-provided social services

Quizplus · Accepted Answer

The cost of government-provided social services, such as infrastructure, education, and healthcare, are included in GDP as they are considered part of government spending.

Option A is incorrect as GDP only includes legal economic activity.

Option B is incorrect as housework and other non-market activities are not included in GDP.

Option C is incorrect as volunteer work isn't typically considered as part of economic activity, and therefore, not included in GDP.

Which of the Following Is Included in GDP