Question

9. What points are to be considered while
estimating GDP ?
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Answer 1

Answer:

The final value of goods and services produced or rendered in a country in a year is taken into account for calculating GDP. The only services which are not included in calculating GDP is the work done by a housewife at home , since it doesn't involve any monetary transaction.

Explanation:

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Answer 2

Answer:

The final value of goods and services produced or rendered in a country in a year is taken into account for calculating GDP. The only services which are not included in calculating GDP is the work done by a housewife at home , since it doesn't involve any monetary transaction.