Which of the following statements is/are correct?

I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).

II. The work done by a woman at her home is outside the purview of Gross Domestic Product.

III. In estimating GDP, only final goods and services are considered.

The correct option is I, II and III.

Let us analyze each statement step-by-step to understand why all of them are correct:

Statement I: Only marketed goods are considered while estimating Gross Domestic Product (GDP).
Gross Domestic Product (GDP) is the total monetary value of all final goods and services produced within a country's borders in a specific time period. Because GDP is calculated using market prices, it generally only includes goods and services that are bought and sold in the market (marketed transactions). Non-marketed transactions, such as bartered goods or self-consumed agricultural produce (with minor exceptions for owner-occupied housing estimates), are excluded because they do not have readily available market price data. Therefore, Statement I is correct.

Statement II: The work done by a woman at her home is outside the purview of Gross Domestic Product.
Unpaid domestic work, such as cooking, cleaning, and caregiving performed by family members (including women at their homes), is not traded in the market. Since there is no financial transaction or market wage associated with this household work, it is excluded from the calculation of GDP. Therefore, Statement II is correct.

Statement III: In estimating GDP, only final goods and services are considered.
To avoid the problem of double counting, GDP calculations only include the value of final goods and services—those that are consumed by the end-user. The value of intermediate goods (goods used to produce other goods, such as flour used to make bread) is already reflected in the market price of the final product. Adding both intermediate and final goods would artificially inflate the GDP. Therefore, Statement III is correct.

Since all three statements (I, II, and III) are correct, the correct option is indeed I, II and III.