An imputed payment
A)is a payment that is due but not made
B)is a payment not made through the market and therefore not counted in GDP
C)refers to nonmarket goods and services being valued as if they were sold on a market
D)refers to governmental services being valued at the cost of production
E)refers to consumers imputing a value to the payment

Question

Quizplus · Accepted Answer

An imputed payment refers to nonmarket goods and services being valued as if they were sold on a market. For example, the imputed value of home cooking can be estimated as the cost of the ingredients and the time spent in preparation. This is used to measure the value of non-market services and is included in GDP calculations.

An Imputed Payment