Multiple Choice
Joe has a full-time construction job and also does odd jobs for people on the weekends.You have purchased the materials needed to construct a fence at your house and you pay Joe $500 in cash to build the fence.Does the payment to Joe count toward the value of GDP?
A) Yes, the fence increases the value of your house.
B) Yes, all income earned counts in GDP.
C) No, his is a non-market activity.
D) Only if this income is reported to the government.
E) No, this is a leisure activity.
Correct Answer:
Verified
Correct Answer:
Verified
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