33) Which of the following is NOT included in real GDP? A) production of services such as the services of doctors B) production of goods that last more than one year, such as television sets C) production of goods that do not last more than one year, such as gasoline D) production in the home

## Step 1<br />Real GDP is a measure of the value of all goods and services produced in an economy over a specific period, adjusted for inflation. It includes the production of services, such as those provided by doctors, as these are economic activities that contribute to the economy's output.<br /><br />## Step 2<br />Option A, "production of services such as the services of doctors," is included in real GDP because it represents economic activity and the provision of services that contribute to the overall well-being and economy.<br /><br />## Step 3<br />Option B, "production of goods that last more than one year, such as television sets," is also included in real GDP. These are durable goods, and their production contributes to the economy's output.<br /><br />## Step 4<br />Option C, "production of goods that do not last more than one year, such as gasoline," is included in real GDP as well. These are non-durable goods, and their production is a part of the economic activities measured in GDP.<br /><br />## Step 5<br />Option D, "production in the home," is NOT typically included in real GDP calculations. This is because it often represents non-market activities or the production of goods for personal use that are not sold in the market, and thus, it is not considered an economic transaction in the formal economy.