Very many things. For example, economic activity that does not generate income is excluded.
One facetious suggestion for increasing GDP is for members of a family to pay each other for doing housework! Pay your mother/wife to put up shelves or pay your father/husband to clean the house! [Forgive me, but I am trying to avoid gender stereotypes!]
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A value that is significantly higher or lower than the other numbers in a set are called extremes. They are sometimes excluded from calculations like the mean (average) but sometimes they are included.
Tax to GDP Ratio =Total government tax collections divided by the country's GDP
The debt can be repaid, or the GDP can grow faster than the debt.
5 billion
Formulas are mathematical instructions that perform calculations.