An Example of Household Production Excluded from GDP Is

question 137

Multiple Choice

An example of household production excluded from GDP is

• A)household cleaning services provided by Merry Maids Incorporated.
• B)child care provided by a certified nanny.
• C)tree trimming you provide at your parents' home.
• D)plumbing work completed by Joe Fix-it.
• E)lawn care provided by a local lawn care company.

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Definitions:

Sales Budget

An estimate of the expected sales revenue for a particular period, often used for planning and control purposes.

Growth

Growth pertains to the increase in size, value, or importance of a business or an economy over a period of time, often measured in terms of revenue, profits, or market share.

Electric Staplers

Electronic devices designed to fasten sheets of paper together by driving a metal staple through them automatically.

General and Administrative Expense Budget

A plan that estimates the overhead and administrative costs for a company over a specific period.