Final answer:
To be counted in GDP, something must meet the criteria of market value, final goods and services, borders, and given year.
Step-by-step explanation:
For something to be counted in GDP, it must meet the following four criteria:
- Market value: The item must have a dollar value or a market value.
- Final goods and services: Only the final products and services that are purchased by consumers should be included.
- Borders: The production of the item must occur within the country's borders.
- Given year: The item must have been produced within the designated year.
GDP is a measure of the total monetary value of goods and services produced in a country in a given year. It is important for analyzing the macro economy and macroeconomic policy tools.