Which One of the Following Is NOT Included in GDP

question 130

Multiple Choice

Which one of the following is NOT included in GDP?

• A) You pay a roofer $2,000 to repair your roof after it is damaged in a hailstorm.
• B) You pay a roofer $2,000 to repair your roof after you discover leaks have appeared due to normal wear and tear.
• C) You give up a weekend of leisure to repair your roof yourself.
• D) You purchase $20 worth of first aid supplies at the local drugstore to treat the cuts and scrapes you suffered while crawling around on the roof.

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Definitions:

Flow Chart

A graphical representation of a process or system showing the sequence of steps or operations using symbols and arrows.

Control System

Mechanisms or procedures implemented to guide activities towards achieving organizational objectives, often through monitoring and feedback.

Objectives

Specific, measurable targets a person or organization plans to achieve within a defined timeframe to fulfill broader goals.

Cause-And-Effect Analysis

A method used to identify the underlying causes of a problem or event by examining the relationship between actions and outcomes.