Tom Atoe grows tomatoes for home consumption. This activity is: a. Productive but is excluded from GDP because no market transaction occurs. b. Included in GDP because it reflects production c. Excluded from GDP in order to avoid double counting. d. Excluded from GDP because an intermediate good is involved.

Tom Atoe grows tomatoes for home consumption. This activity is: a. Productive but is excluded from GDP because no market transaction occurs. b. Included in GDP because it reflects production c. Excluded from GDP in order to avoid double counting. d. Excluded from GDP because an intermediate good is involved.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 3P

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