Which of the following is not included in GDP?the payments for a chiropractor's servicescash income paid to a day laborer that i

Question

3 years ago

6

s not reported to the tax authoritiesthe replacement of brake pads on your six-year-old vehiclethe fees for legal services rendered by your lawyer

1 answer:

Scilla [17] · Answer 1 · 2022-03-19T02:32:16+03:00

Answer:

cash income paid to a day laborer that is not reported to the tax authorities

Explanation:

GDP stands for Gross domestic product. It is the monetary value of all finished goods and services made within a country during a specific period.

It is calculated as GDP = private consumption + gross investment + government investment + government spending + (exports – imports).

Hence, cash income paid to a day laborer that is not reported to the tax authorities will not be included in GDP