Question

Most goods and services produced at home a. and most goods and services produced illegally are included in GDP. b. are included in GDP while most goods and services produced illegally are excluded from GDP. c. are excluded from GDP while most goods and services produced illegally are included in GDP d. and most goods and services produced illegally are excluded from GDP.

Answer 1

Answer:

Most goods and services produced at home are included in GDP while most goods and services produced illegally are excluded from GDP.

Explanation:

The United states Gross Domestic Product is measured including only the production of legal goods and services within a given year. This means that all goods and services for previous year are not taken into account as well of illegal products or services.

Answer 2

Most of the goods and services produced illegally are excluded from GDP.

Option - d

Explanation:

We are speaking about the GDP of a country, and that not only what GDP includes, but also what does not include in GDP, must be understood. GDP is the gross domestic product and the total domestic consumption of a country.

From the GDP formula,  

GDP = consumption + investment + purchases from government + (exports-imports).  

Nevertheless, there are certain payments that are not included in the GDP every day. Let's discuss what isn't in the GDP:

• Sales of produced goods out the front of our national frontiers.

• Used product marketing.

• Unlawful sales (called the black market) of services and products.

• State shares payments.

• Intermediate materials for other finished products Output .