Which of the following would definitely not be included in the measurement of GDP?

A) value of the services of a painter who paints your garage
B) value of the services of a person who mows his or her own lawn
C) value of the services of a maid who cleans your house
D) value of the services of a plumber who fixes your kitchen sink

B

Economics

You might also like to view...

People who say that they would like to have a job, but have not made an effort to find a job in the past four weeks, are called ________ workers.

A. discouraged B. unemployed C. involuntary part-time D. chronically unemployed

Economics

Suppose that a new drug has been approved to treat a life-threatening disease. The demand for that drug is shown on the graph below. Prior to approval of this drug, the only treatment for this condition was any one of several non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph.  A likely reason for the difference in the slopes of the demand curves is that:

A. one market is in equilibrium and the other is not. B. the over-the-counter pain reliever has many substitutes, but the new drug does not. C. one drug is heavily regulated by the Food and Drug Administration and the other is not. D. one drug is new on the market, but the other has been available for a long time.

Economics