calculation of GDP
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Of the following three activities one is included in the calculation of GDP:
- Cleaning your house yourself;
- Hiring a cleaning service to do it;
- Selling illegal drugs on the street.
Which is included and why aren't the other two included?
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Solution Summary
GDP is clearly explored in this case. References are also provided to further validate the findings.
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of the following three activities one is included in the calculation of GDP:
- Cleaning your house yourself;
- Hiring a cleaning service to do it;
- Selling illegal drugs on the street.
Which is included and why aren't the other two included?
As per wikipedia "The gross domestic product (GDP) is one of the measures of national income and input for a given country's economy. ...
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