Which of the following are included in GDP, and which are not? a. The cost of hospital
Question:
Which of the following are included in GDP, and which are not?
a. The cost of hospital stays
b. The rise in life expectancy over time
c. Child care provided by a licensed day care center
d. Child care provided by a grandmother
e. A used car sale
f. A new car sale
g. The greater variety of cheese available in supermarkets
h. The iron that goes into the steel that goes into a refrigerator bought by a consumer.
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a Hospital stays are part of GDP b Changes in life expectancy are not market transactions a...View the full answer
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