1) Non-market activities such goods and services people do themselves such as mowing the neighbor's lawn. 2)The Underground economy; a large amount of production and income is never recorded or...
I'm not sure if the question is accurate in the first place, GDP is only one measure of aggregate economic activity, it is chiefly a measure of aggregate output. It can be measured three ways which...
Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure). It is...