Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Why is an unpaid meal service prepared at home generally not included in GDP?

Answer and explanation

Correct answer: Because it normally has no recorded market transaction

An unpaid meal prepared and served by household members is a useful service, but it is normally produced and consumed within the household without a market exchange or observable monetary price. National accounts mainly record market-valued production, so this activity is generally omitted from measured GDP. This limitation also shows why GDP is not a complete measure of welfare: valuable unpaid household work may be excluded.

Related tags

EconomicsGdpUnpaid Household ServicesWelfareMarket TransactionGdp And WelfareNational Income And Related AggregatesClass 11 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.