Ahlam grows carrots in her garden for home consumption. This activity is: a. Excluded from GDP because an intermediate good is involved b. Productive but is excluded from GDP because no market transaction takes place. c. None of the above. d. Excluded from GDP to avoid double counting

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 4P
icon
Related questions
Question
Ahlam grows carrots in her garden for home consumption. This activity is:
a. Excluded from GDP because an intermediate good is involved
b. Productive but is excluded from GDP because no market transaction takes place.
c. None of the above.
d. Excluded from GDP to avoid double counting
Transcribed Image Text:Ahlam grows carrots in her garden for home consumption. This activity is: a. Excluded from GDP because an intermediate good is involved b. Productive but is excluded from GDP because no market transaction takes place. c. None of the above. d. Excluded from GDP to avoid double counting
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Highway Construction
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning