Answered: Non-market production is excluded from…

Non-market production is excluded from GDP because: Question options: a) they are not priced. b) they are considered intermediate goods. c) they do not contribute to economic activity.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Non-market production is excluded from GDP because:

Question options:

a) they are not priced.

b) they are considered intermediate goods.

c) they do not contribute to economic activity.

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