What is NOT included in GDP?
A) unpaid childcare
B) services such as those provided by lawyers and hairstylists
C) final goods that are produced but not sold by the end of the year
D) production of foreign citizens living in Canada

Question

Quizplus · Accepted Answer

Unpaid childcare is not included in GDP as it does not involve a market transaction and is considered a non-market activity.

Answer: C
 Final goods that are produced but not sold by the end of the year, such as unsold inventory, are not included in GDP as they are not considered as having contributed to production or income in the current year.

Answer: D
 The production of foreign citizens living in Canada is not included in Canada's GDP as GDP measures the domestic production of goods and services, regardless of the nationality of the producers.

What Is NOT Included in GDP