Activities That Are Directly Included in GDP Accounts Include

question 79

Multiple Choice

Activities that are directly included in GDP accounts include:

• A) the value of housework done by householders.
• B) the selling of illegal drugs.
• C) unreported labor in sweatshops.
• D) buying a ticket to a Yankees-Red Sox game on your day off.

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Definitions:

Earn Revenue

The process by which businesses generate income through the sale of goods, provision of services, or other primary business activities.

Accounting Function

The process of recording, summarizing, analyzing, and reporting financial transactions of a business to oversight agencies, regulators, and the IRS.

Finance Function

The role within a company that encompasses tasks related to managing finances, including treasury, budgeting, and financial reporting.

Sale Of Product

Sale of product refers to the transaction in which a business sells its physical goods to a customer in exchange for payment.