Does the value of cleaning your house count toward the value of GDP?
A) Yes, this value counts in GDP, if you clean your house yourself.
B) No, not if you clean your house yourself.
C) Yes, if you pay a person or company to clean your house.
D) No, because people who clean houses for a living do not pay taxes.
E) No, this is a leisure activity.

Question

Quizplus · Accepted Answer

Only if you pay a person or company to clean your house, it would count towards the value of GDP. This is because GDP includes all the goods and services produced within an economy, and paid services like hiring a cleaning company contribute to GDP. If one cleans their own house, it does not count towards GDP as there is no monetary value exchanged. D is incorrect as the taxes paid by people who clean houses for a living are unrelated to whether cleaning houses contributes to GDP. E is also incorrect as leisure activities are not included in GDP.

Does the Value of Cleaning Your House Count Toward the Value