Which of the following is not included in GDP? 1) the payments for a chiropractor's services 2) cash income paid to a day laborer that is not reported to the tax authorities 3) the replacement of brake pads on your six-year-old vehicle 4) the fees for legal services rendered by your lawyer
Which of the following is not included in GDP? 1) the payments for a chiropractor's services 2) cash income paid to a day laborer that is not reported to the tax authorities 3) the replacement of brake pads on your six-year-old vehicle 4) the fees for legal services rendered by your lawyer
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q41 What’s the correct answer ?

Transcribed Image Text:**Question: Which of the following is not included in GDP?**
1. The payments for a chiropractor's services
2. Cash income paid to a day laborer that is not reported to the tax authorities
3. The replacement of brake pads on your six-year-old vehicle
4. The fees for legal services rendered by your lawyer
**Explanation:**
This multiple-choice question is designed to test your understanding of what is included in a country's Gross Domestic Product (GDP). GDP measures the total value of all goods and services produced in a country within a specific period, typically excluding unreported or informal economic activities.
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