18.The value of which work is added in
the calculation of GDP? *
Housewives' works
O (b) A teacher teaching his own child
O (c) The value of resale of old shares
O
(d) Construction of new house by an
artisan
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The work added will be (d) Construction of new house by an artisan
- The term GDP stands for Gross domestic product.
- It's the aggregate financial price of the final commodities manufactured within a nation over a given time frame.
- The construction of a building takes into account all the resources utilised for it.
- As it is a new manufacturing work in the economy, the expense of the building of a house will be included in the GDP estimate.
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