Question

Which of the following is not included in the GDP?

a. Consumer spending
b. Exports
C. Nonmarket activity
d. Government spending

Answer 1

C. Non-market activity

Step-by-step explanation:

The GDP value represents the total of goods and services produced within the boundaries of a country. One method of calculating GDP is through the expenditure approach. the formula for this method is that GDP = C + G + I + NX where

C is the total of consumer spending.

G is the total value of the government's expenditure

I represent the summary of all investments.

NX is the net exports: total exports minus imports.

The GDP value does not include non-market activities.