Which of the Following Goods and Services Are Omitted from GDP

question 120

Multiple Choice

Which of the following goods and services are omitted from GDP?

• A)Government weather satellites
• B)Services such as hair styling
• C)Household production
• D)Capital goods
• E)Expenditure on resources used to protect the environment

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Definitions:

Biological Processes

Complex sequences of actions or changes happening in living organisms, necessary for their survival, growth, and reproduction.

Ionic Bond

A chemical bond formed between two atoms when one atom transfers an electron to another, leading to the attraction between positively and negatively charged ions.

Hydrogen Bond

An insubstantial attachment between two molecules produced by the electrostatic allure between a proton of one molecule and an electronegative atom of the other.

Ions

Atoms or molecules that have lost or gained one or more electrons, thus acquiring an electric charge.