Absence of household goods from GDP

Anonymous
timer Asked: Feb 22nd, 2013

Question description

goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in gdp. how might the absence of these values mislead one when comparing the economic well-being of the united states and india? what other items are not included in gdp and how might their exclusion impact policy?

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