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It depends, if you are doing this as a service for an exchange of money with someone outside of your household, then yes it is included. However, if you are merely babysitting your own siblings, this falls under household production which is neglected in calculating the GDP.
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∙ 15y ago
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What gets included and excluded when calculating GDP?
total income and total expenditure are included when calculating GDP.
If intermediate goods are included in GDP what would happen to the GDP?
the GDP would be overstated
What is included in GDP and what is excluded from GDP?
GDP is the value of all the goods and services produced in the country in one year. Money earned outside of the country is not included.
Are government subsidies included in GDP?
yes
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
What gets included and excluded when calculating GDP?
total income and total expenditure are included when calculating GDP.
If intermediate goods are included in GDP what would happen to the GDP?
the GDP would be overstated
What is included in GDP and what is excluded from GDP?
GDP is the value of all the goods and services produced in the country in one year. Money earned outside of the country is not included.
Are government subsidies included in GDP?
yes
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
Corporate bond interest included in this years GDP?
No
Is Social security payments received by a retired factory worker included in this year's GDP?
Answering "Is Social security payments received by a retired factory worker included in this year's GDP?"
How are used goods counted in the GDP?
used good sales are not included in GDP, because it is treated as asset transfer.
Is accumulation of inventories by firms is included in measuring GDP?
no....i think the change in inventory is included but not accumulation..
Is the government's purchase of a new submarine for the navy included in GDP?
Yes, it is included as goverment consumption.
Are taxes included in overall GDP?
shut the front door
Why are transfer payment not included in GDP?
Because they do not involve current production
