What Is NOT Included in GDP

question 67

Multiple Choice

What is NOT included in GDP?

• A) volunteer work with a local charity
• B) services such as those provided by banks and insurance companies
• C) final goods that are produced but not sold by the end of the year
• D) production of foreign citizens living in Canada

Understand the social construction of race, gender, and labor within capitalist societies.

Understand the differences and similarities between various funding sources for nonprofits, such as donations, earned income, and philanthropic gifts.

Recognize the strategic importance of earned income for nonprofits and its potential impact on their mission and operations.

Identify the types of nonprofit-corporate relationships and their implications for nonprofit management and strategy.

---

Definitions:

Single-use Plans

Specific actions or strategies designed to address a particular problem, goal, or project, and not intended for repeated or continual use.

Budgets

Financial plans that allocate resources, project revenues and expenses, and guide spending and investment decisions over a specific period.

Standing Plans

Established procedures and policies designed to be used repeatedly to guide organizational actions.