GDP Handles Household Production by

question 12

Multiple Choice

GDP handles household production by

• A)estimating a dollar value of the goods purchased to do housework.
• B)including it in real GDP but not in nominal GDP because there are no prices paid for the work.
• C)estimating a dollar value of the services provided.
• D)ignoring it.
• E)including it in exactly the same way that all other production is included.

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