<p>Value-Added Taxes (VAT) are supposed to capture most goods and services produced in the private sector, but there can be exceptions within a country’s laws.</p>

<p>Even if the exceptions were eliminated, there are some non-market components to GDP that would be missed (e.g. imputed values, like the “rental value of owner-occupied housing”). (You need to go into each country’s GDP definition to find the list of imputations.)</p>

CC BY-SA 4.0
2019-06-30T23:27:11.990Z
Can you clarify the "non-market" components of GDP that would be missed?
Jneedler
CC BY-SA 4.0
2019-07-01T23:52:44.800Z
Imputed values, like the value of free chequing accounts. Imputations vary from country to country, so you need to go to the national statistical agency for details.
Brian Romanchuk
CC BY-SA 4.0
2019-06-21T22:47:10.623Z
2019-07-01T23:54:26.737Z
2019-07-01T23:54:26.737Z
Brian Romanchuk
<p>Is there a name for a consumption tax that basically captures the GDP (all goods and services produced in the nation)?</p>

<gdp><taxation>
Name for a tax that captures all goods and services produced?
Jneedler
# Name for a tax that captures all goods and services produced?

(Asked by: username_0 on 2019-06-21)

Is there a name for a consumption tax that basically captures the GDP (all goods and services produced in the nation)?

**Tags:** gdp, taxation

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## 1 answers

### Answer by username_1 on 2019-06-21. Score: 2

Value-Added Taxes (VAT) are supposed to capture most goods and services produced in the private sector, but there can be exceptions within a country’s laws.

Even if the exceptions were eliminated, there are some non-market components to GDP that would be missed (e.g. imputed values, like the “rental value of owner-occupied housing”). (You need to go into each country’s GDP definition to find the list of imputations.)

> **Comments:**
> **username_0**: Can you clarify the "non-market" components of GDP that would be missed?  
> **username_1**: Imputed values, like the value of free chequing accounts. Imputations vary from country to country, so you need to go to the national statistical agency for details.  

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