Question

which of the following economic activities would be included in u.s. gross domestic product (gdp)? group of answer choices illegal prostitution pure services, such as haircuts work performed and paid for in cash to avoid income tax illegal drug sales

Answer 1

Pure services, such as haircuts is the economic activity that would be included in the U.S. gross domestic product (GDP).

GDP does not reflect illicit or covert economic activity. This implies that only pure services like haircuts can be included in GDP. Personal consumption, corporate investment, government spending, and net exports are the four main components of the gross domestic product. GDP measures the nation's annual total economic production.

Typically, economists concentrate on the ideal GDP growth rate, which is generally accepted to be between 2% and 3% annually. When a nation's GDP is increasing at this rate, it typically experiences economic growth without the drawbacks of high inflation. A country's GDP may vary as per it's population size and availability of resources.

To know more about gross domestic product (GDP), refer to the following link:

brainly.com/question/13511171

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