Question
Which of the following is/are included in the GDP
calculation of India? i. A housewife working at home and doing cleaning, cooking and house management ii. Barter of agriculture produce such as milk and grain in villages iii. Barter of services in citiesSolution
GDP calculation is based on the transactions that are in formal system. Barter and household work and volunteering is not reporter in any market transaction, therefore are not accounted for the GDP calculation.
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