What Is NOT Included in GDP

question 53

Multiple Choice

What is NOT included in GDP?

• A) unpaid childcare
• 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:

FICA Medicare

Part of the U.S. payroll tax, specifically aimed at funding Medicare, a federal health insurance program for people aged 65 and older, and some younger individuals with disabilities.