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Susan switches from going to Speedy Lube for an oil change to changing oil in her own car herself. Which of the following is correct? The value of changing the oil is____________. A) included in the GDP whether Susan changes the oil or pays Speedy Lube to do it B) included in the GDP whether Susan pays Speedy Lube to change it but not to change it herselfC) included in the GDP if Susan changes it herself, but not if she pays Speedy Lube to change itD) not included in the GDP if neither Susan or Speedy Lube changes the oil

Respuesta :

Answer:

The correct answer is option B.

Explanation:

The GDP of an economy is the value of all the final goods and services produced in an economy in a year. It does not include the value of intermediate goods to avoid double counting.

It also does not include the value of home production of goods and services because they do not involve economic transactions.

So the value of oil changing will be included in the GDP if it is done by Speedy lube and Susan pays them for it but it will not be included if she does it herself because no one pays her for it.

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