Which of the following is NOT considered part of the services category under the expenditure approach to GDP accounting?
A)commercial airline transportation
B)sporting events
C)haircuts
D)privately owned jets

Question

Quizplus · Accepted Answer

Privately owned jets are not considered part of the services category under the expenditure approach to GDP accounting. They would fall under the category of investment, as they are a capital good rather than a service provided to a consumer.

Which of the Following Is NOT Considered Part of the Services