a
goverment purchases
b
government millitary outlays
c
wages and salaries
d
housewives services
Explanation
Correct Option
dNo explanation available
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Discussions (3)
olohideba
1 year ago
The correct answer is **D. housewives services**.
Gross National Product (GNP) excludes non-market activities such as the unpaid work done by housewives (or homemakers). These services, though valuable, are not accounted for in GNP, which is why it can be a poor measure of overall welfare. GNP focuses on market transactions and overlooks many contributions to society that do not involve monetary exchange.
colikstan
3 years ago
Transfer payments such as welfare and social security is not calculated
So B is the answer
