When an Individual Makes Repairs to Her Own Home Instead

question 22

Multiple Choice

When an individual makes repairs to her own home instead of hiring a company to make the repairs,the activity is

• A)Included in GDP because it represents production.
• B)Productive but excluded from GDP because it is a nonmarket activity.
• C)Excluded from GDP because it is an intermediate good.
• D)Included in GDP but not included in GNP.

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Definitions:

Strategic Incorporation

The process of integrating strategic initiatives and objectives into the wider organizational processes and culture.

Diverse Workforce

An employment setting where employees have a wide range of characteristics, such as age, race, ethnicity, gender, sexual orientation, cultural background, and physical abilities.

Human Rights Legislation

Laws and statutes that are enacted to protect and promote the fundamental rights and freedoms of individuals.

Equity Legislation

Laws and regulations aimed at ensuring fairness and preventing discrimination in workplaces, focusing on equal treatment and opportunities for all employees.