Estimates of the values of which of the following non-market goods or services are included in GDP?
A)the value of unpaid housework
B)the value of services provided by major household appliances purchased in a previous period
C)the estimated rental value of owner-occupied homes
D)All of the above are included in GDP.

Question

Quizplus · Accepted Answer

Only the estimated rental value of owner-occupied homes is included in GDP. The value of unpaid housework and the value of services provided by major household appliances purchased in a previous period are not included in GDP because they are non-market goods and services.

Estimates of the Values of Which of the Following Non-Market