Would insurance coverage, the question states prescription eyewear coverage by an insurance organization, be calculated in GDP? I would assume so as it would be a service. On the other hand the goods would only be purchased on a claim. I'm confused with this one. Would appreciate some enlightening. Great forum!
Would insurance coverage be included in GDP? Watch
- Thread Starter
- 19-12-2010 19:26
- 24-12-2010 16:17
I believe it to be as it is an income and a revenue, provided it is directed within the economy and not overseas (to be in GDP).
Insurance services are not only a possible claim, but peace of mind/lower risk in general.
Hope this helps!