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1 February, 07:38

Which of the following is not included in GDP? the payments for a chiropractor's servicescash income paid to a day laborer that is not reported to the tax authoritiesthe replacement of brake pads on your six-year-old vehiclethe fees for legal services rendered by your lawyer

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  1. 1 February, 10:50
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    cash income paid to a day laborer that is not reported to the tax authorities

    Explanation:

    GDP stands for Gross domestic product. It is the monetary value of all finished goods and services made within a country during a specific period.

    It is calculated as GDP = private consumption + gross investment + government investment + government spending + (exports - imports).

    Hence, cash income paid to a day laborer that is not reported to the tax authorities will not be included in GDP
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