Question

Which of the following would NOT be included in U.S. GDP? Group of answer choices the...

Which of the following would NOT be included in U.S. GDP?

Group of answer choices

the cost of a French family's vacation to New York City

the market value of a newly constructed home

the market value of visit to a massage therapist

the market value of a flat-screen t.v. produced in South Korea

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Answer #1

GDP in simple terms is the production value of final goods and services produced within the boundary of a country in a financial year

It is generally measured on quarterly on yearly basis

If any French family visits to newyork then this will included in New York GDP

If any person visit to massage therapist then this service will also be counted under GDP of US

But if anything is produced in the South Korea that is not in the boundary of United States then it will not counted under the US GDP

Answer is option D

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