All of the following would be excluded from GDP except

Question

BlackTom AI · Accepted Answer

Question: All of the following would be excluded from GDP except

Given data shows the stem of the question and only one option: "a home-based business that grows spices." without the rest of the answer choices or any other options to compare, we cannot examine each option. Instead, we can analyze the provided option in the context of GDP rules.

Understanding GDP basics: Gross Domestic Product measures the market value of all final goods and services produced within a country over a period. Including small-scale, legitimate market transactions, regardless of the size of the operation, as long as they involve counted production and sale, is within GDP. Household or informal activities that do not involve monetary transactions typically do not get counted, but formal market production does.

Option provided: a home-based business that grows spices.
- Why this would be included in GDP (and thus not excluded): If this home-based venture sells its spices in the market (i.e., there is a price, a sale, and recorded production), the value of the spices sold constitutes revenue from domestic production. The activity contributes to the country’s gross domestic product as part of the agricultural sector and final goods output (or intermediate goods if not the final product, but typically final product value is included). Therefore, this scenario would generally be included in GDP.
- Why some people might think it’s excluded: It could be perceived as a small, informal, or household operation. If transactions are informal, underreported, or unmonetized, they might be excluded from GDP estimates. However, the strict GDP concept counts market transactions and value-added production within the economy, regardless of the size of the business, as long as it is legal and market-based.

Because the question asks for the statement that would be excluded from GDP except for the given option, the correct interpretation is that this home-based spice business, if operating as a legitimate market enterprise, would be included in GDP. In that case, it would be the exception to those that are excluded, since other non-market or informal activities would typically be excluded, whereas a market-based home business would be included.

Limitations: Since the full list of answer options is not provided, we cannot evaluate why the other choices would be excluded or included relative to this option. If there were options describing non-market activities (e.g., unpaid household work, illegal activities, or purely barter transactions without monetary exchange), those would typically be excluded from GDP estimates, making them the likely candidates for exclusion.

Summary: With the single option given, a home-based business that grows spices, if it operates with market transactions and adds value to final goods, would be included in GDP. Therefore, this option would be the one that is not excluded, i.e., would be included in GDP, aligning with the typical interpretation of GDP accounting.

All of the following would be excluded from GDP except

查看解析

登录即可查看完整答案

类似问题

Which of the following transactions are NOT included in current GDP? (Select all that apply.)

All of the following would be excluded from GDP except

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单