Q71Section I (Objective (Q1–Q80))70 of 79
Official Statistics — scope and exclusions of GDP
Consider the following statements in respect of GDP: 1. GDP is composed of goods and services produced for sale in the market. 2. GDP includes some non-market production as well (such as defence services and education services). 3. Not all productive work is included in GDP. 4. Voluntary work is not included in GDP. How many statements given above are correct?
Pick an option to check your answer. In a mock test a wrong answer here costs 0.83 mark.