Which of the Following Is Counted in GDP

question 45

Multiple Choice

Which of the following is counted in GDP?

• A)the value of goods and services produced in the underground economy
• B)the cost of a speed boat purchased by drug smugglers
• C)the value of do-it-yourself work
• D)the value of leisure

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Definitions:

Repetitive Process

A production process in which the same sequence of operations and tasks are repeated over and over to produce identical or very similar products.

Equipment Utilization

A measure of how effectively a piece of equipment is being used, typically expressed as a percentage, indicating the ratio of actual operating time to available time.

Restaurants

Establishments that prepare and serve food and drinks to customers in exchange for money, varying widely in style and cuisine.

Swift Movement

Refers to the quick and efficient motion or transfer of objects, data, or processes from one point to another.