om is an organic gardener For several years, he produced only for his own consum

Question

om is an organic gardener For several years, he produced only for his own consumption, but this year he has sold his vagotables at a farmer's market The vegetables Tom produco a are not included in GDP, not for this year nor for previous years s are included in GDP for this year, but prior to this year the value of his vegotablos was not included in GDP Oc would be included in GDP only d the vegetables wore registered with the Department of Agriculture s are not part of GDP, since vegetables are not a good included in GDP

Explanation / Answer

GDP measures value of final goods and services produced within an economy in a given time period. But GDP doesn't include anything which is produced for own personal consumption. Only the final goods and services which is produced and sold in the market, are included in GDP. So, the vegetables Tom produced, are included in GDP for this year only and prior to this year the value of vegetables wasn't included in GDP because it was produced to satisfy Tom's own consumption.

Answer-option B

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