The service which an elder brother performs when he stays at home to look after his baby sister while his parents are away and for which he receives no payment is not included in the calculation of GDP because: A. B. C. D. E. it is a non-market transaction. it is an example of double-counting. it is non-productive transaction. it is only included in real gross domestic product. it is a non-investment transaction.

The service which an elder brother performs when he stays at home to look after his baby sister while his parents are away and for which he receives no payment is not included in the calculation of GDP because: A. B. C. D. E. it is a non-market transaction. it is an example of double-counting. it is non-productive transaction. it is only included in real gross domestic product. it is a non-investment transaction.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 2CQQ

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