Question

Household​ production, such as baking bread at​ home, is not included in gdp because it.

Answer 1

Household​ production, such as baking bread at​ home, is not included in GDP because it does not involve a market transaction.

What exactly is a market transaction?

The trading of commodities and services on a market. When calculating gross domestic product, the set of market transactions that take place in the economy is crucial (GDP). Market transactions offer the fundamental information that the Bureau of Economic Analysis' number crunchers use to start estimating GDP.

These number crunchers' objective is to assess economic production rather than merely market transactions. As a result, they boost economic production while removing those market transactions that do not entail it.

Learn more about GDP with the help of the given link:

brainly.com/question/16931817

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