Which of the Following Is NOT Included in GDP

question 167

Multiple Choice

Which of the following is NOT included in GDP?

• A)unpaid cleaning and maintenance of houses
• B)services such as those provided by lawyers and hairstylists
• C)final goods that are produced, but not sold by the end of the year
• D)production of foreign citizens living in Canada

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Definitions:

Manufacturing Arrangement

A type of franchise in which the franchisor provides the franchisee with a formula or ingredient that is necessary to manufacture a product.

Distributorship

A business arrangement in which a manufacturer or supplier authorizes an entity to distribute its products.

Secret Formula

A proprietary and confidential composition or recipe that gives a product its unique characteristics and is closely guarded to maintain a competitive advantage.

Joint Stock Company

a business entity in which shares of the company's stock can be bought and sold by shareholders.