Asked by Grace Thomas on Apr 24, 2024

U.S. GDP includes estimates of the value of items that are produced and consumed at home, such as housework and car maintenance.

Owner-Occupied Housing

Residential properties that are owned and occupied by the owner, as opposed to being rented out to tenants.

Housework

Housework encompasses the variety of tasks performed to maintain and manage the household, including cleaning, cooking, and laundry.

  • Specify what constitutes and does not constitute the calculation of Gross Domestic Product.