The service a homeowner performs when she mows her yard is not included in gdp because

The service a homeowner performs when she mows her yard is not included in GDP because : A: this is a nonmarket transaction. B: this is a nonproduction activity. C: this is a noninvestment transaction. D: multiple counting would be involved.

Answer

The answer is option a

GDP is the sum of an economy’s final expenditures or total economic production for a given accounting period. It excludes the performance of the country’s shadow economy. The BEA calculates GDP in the United States using four main components: Personal consumption, business activity, government spending, and net exports are all factors to consider.

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