Which of the following is false?
A)We do not have information on nonmarket transactions output that is reliable enough to include it in the GDP.
B)The most important nonmarket transaction omitted from GDP are services provided directly in the home.
C)The value that individuals place on leisure is omitted in calculating GDP.
D)All goods and services exchanged in the current period are included in this year's GDP.

Question

Which of the following is false?
A)​We do not have information on nonmarket transactions output that is reliable enough to include it in the GDP.
B)​The most important nonmarket transaction omitted from GDP are services provided directly in the home.
C)​The value that individuals place on leisure is omitted in calculating GDP.
D)​All goods and services exchanged in the current period are included in this year's GDP.

Quizplus · Accepted Answer

Goods and services exchanged in the current period are not always included in this year's GDP. Only those that were produced during the current year are counted, so some goods and services from the previous year may be included in the current year's GDP if they were not sold until this year.

Which of the Following Is False