Which of the Following Is Included in GDP

question 175

Multiple Choice

Which of the following is included in GDP?

• A) The value of "free" household services provided by at-home spouses rather than a paid cook, maid, and baby sitter.
• B) The value of unpaid-for volunteer time.
• C) The unpaid-for services provided by the natural environment, such as breathable air.
• D) Net exports: (value of exports − value of imports).

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Definitions:

Asset's Life

The asset's life, or useful life, is the estimated period that an asset is expected to be usable for the purpose it was acquired, impacting its depreciation calculation.

Intracompany Comparisons

The analysis of a company's financial performance and trends over multiple periods, aiding in internal strategic decision-making.

Competitors

Other businesses that offer similar products or services in the same market as another business.