Leisure is Select one: a. a good that is not counted in GDP. b. a good that is counted in GDP. c. neither a good nor a bad, and

Question

Blizzard [7]

3 years ago

5

Leisure is Select one: a. a good that is not counted in GDP. b. a good that is counted in GDP. c. neither a good nor a bad, and

it is not counted in GDP. d. a bad as far as economists are concerned, because it is not tangible.

Business

1 answer:

Greeley [361] · Answer 1 · 2021-11-17T10:55:52+03:00

Answer:

a. a good that is not counted in GDP.

Explanation:

Leisure is not counted in GDP if the leisure activity does not have a market value, and is not exchanged in the markeplace.

For example, going for a walk, or sitting at a park to read are leisure activities that are not considered economically productive, and therefore, are not counted in GDP.