Which One of the Following Is Taken into Account by GDP

question 49

Multiple Choice

Which one of the following is taken into account by GDP?

• A)Household production
• B)Illegal production
• C)Leisure time
• D)Custom lawn care services

---

Definitions:

Chain of Distribution

The sequence of intermediaries through which a product or service passes until it reaches the end consumer.

Competitors

Individuals or entities that are in the same industry or market and vying for the same customers or market share.

Robinson-Patman Act

A United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.

Cost Savings

A reduction in expenses, achieving the same outcomes but at a lower cost.