Estimates of the Values of Which of the Following Non-Market

question 40

Multiple Choice

Estimates of the values of which of the following non-market goods or services are included in GDP?

• A)the value of unpaid housework
• B)the value of services provided by major household appliances purchased in a previous period
• C)the estimated rental value of owner-occupied homes
• D)All of the above are included in GDP.

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Definitions:

Poverty Line

The minimum level of income deemed adequate in a particular country to live on and meet basic living needs.

Income

The money received, especially on a regular basis, for work or through investments.

College Graduates

Individuals who have completed a degree program at a college or university.

Property Income

Income from property ownership, including rentals, dividends from investments in real estate, and interest on property savings.