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Identification of items included in the calculation of GNP.

Illustrate which of the following items are included in the calculation of GNP in the UK, and which are excluded?

a. Salaries paid to schoolteachers

b.Tips given to taxi drives

c.Expenditure on social security benefits

d.The income of a second-hand car salesman

e.Work carried out at home by a housewife

f.Work carried out in the home by a paid domestic helper,

g.The value of pleasure from leisure,

h.Free-range, organic eggs sold in the market,

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921501

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