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Joe has a full-time construction job and also does odd jobs for people on the weekends. you have purchased the materials needed to construct a fence at your house and you pay joe $500 to build the fence. does the payment to joe count toward the value of gdp?

User Aepryus
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1 Answer

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The answer is: No, if this income is not likely to be reported to the government

If the income from the purchase is reported in taxes, the government could count it as a part of total consumption that occurs anually.

But since the construction for the fence is considered as 'odd jobs' , the payment would most likely being made 'under the table' (without any proof of records). This make the payment become ineligible for tax payment.

User Slallum
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