All of the following would be excluded from GDP except

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BlackTom AI · Accepted Answer

This question asks which item would not be excluded from GDP, i.e., which one is included in GDP.
Option 1: money from illegal drug cartels. Transactions involving illegal activity are not counted in GDP because they are outside the formal market and not observable in official statistics. Therefore, this would be excluded from GDP.
Option 2: a home-based business that grows spices. If this business engages in market transactions and its output is sold legally, the sale is part of overall economic activity and would be included in GDP. So this is a candidate for inclusion, not exclusion.
Option 3: health care assistance that Mary gives to her elderly father after work. This is unpaid, non-market care provided within a household. GDP measures market activities and paid services; unpaid household work is not counted, so this would be excluded.
Option 4: the gardening Jack does on the weekend to improve his home. This is also non-market, home-based maintenance not sold in the market, and thus not counted in GDP. Therefore, excluded.
In summary, options 1, 3, and 4 are excluded from GDP, while option 2 could be included if it involves legal market transactions. The question asks for the item that would be included, which points to option 2 as the one not excluded.

_ECON1220_2024 HW1 (due 10 pm on Wed Feb 19)

All of the following would be excluded from GDP except

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