Which of the following is NOT included in real GDP? Group of answer choices production of goods that last less than a year, such as production of hot dogs production of services, such as the services of hair dressers production that takes place in the underground economy production of goods that last more than a year, such as a pair of roller blades

production that takes place in the underground economy

Explanation:

GDP (gross domestic product) is the value of all final good, products and services in a country economy. It is used to determine the economic success of a country and its growth rate. The GDP includes production of goods that last less than a year, production of services, production of goods that last more than a year.

Activities in the underground economy are not included in the GDP. The underground economy are money gotten from illegal activities like prostitution, selling of hard drugs, trafficking and so on. They account for one-third of developing country economy and about 10% of the developed country economy. Since they are not reported, they are not taxed.

an important city to the south and the region's capital is c. kiev

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi