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Why is the value of leisure generally not added to GDP?

Answer and explanation

Correct answer: Because its market value is not easily measured

GDP measures the market value of currently produced final goods and services. Leisure can improve happiness, health, and quality of life, but it is usually not bought and sold in a market, so it has no reliable recorded price for national accounting. Therefore option B is correct. Options A, C, and D are incorrect because leisure is not inherently harmful, is enjoyed by people of all ages, and is not an export.

Related tags

LeisureGdp LimitationWelfare MeasurementGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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