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  3. Study Set
    Macroeconomics Australia
  4. Exam
    Exam 5: Gdp: a Measure of Total Production and Income
  5. Question
    Household Production,such as Baking Bread at Home,is Not Included in GDP
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Household Production,such as Baking Bread at Home,is Not Included in GDP

Question 1

Question 1

Multiple Choice

Household production,such as baking bread at home,is not included in GDP because it


A) has lower quality than the bread in the store.
B) does not add anything of value to GDP.
C) has better quality than the bread in the store.
D) is not really production.
E) does not involve a market transaction.

Correct Answer:

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