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:

Alfalfa

A perennial flowering plant often used in agriculture as fodder for livestock due to its high nutritional content and nitrogen-fixing properties.

Exchange Rate

The worth of one currency when converting it to a different one.

British Pound

The currency of the United Kingdom, symbolized as £ and known officially as the pound sterling.

Exchange Rates

The price at which one currency can be exchanged for another.