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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1544 |
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It includes depreciation and taxes. It is not just a measure of market activity but it also includes an estimate of some non-market activity such as food and fuel used by farm families in some countries and rental value of owner-occupied housing.
There are a number of things that the GNP does not measure...
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Although it includes a few non-market activities, there are a number other non-market activities that are not included, such as charity and volunteer work. For example, suppose there was a massive wave of civic feeling and everyone in the country decided that they could afford to take 2 hours off each week, for no pay, to do volunteer work in their community...
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