Multiple Choice
GDP understates the value of output produced by an economy because it
A) includes transactions that do not take place in organized markets, such as home-cooked meals.
B) excludes value added from the underground economy, such as tips taken "under the table."
C) includes environmental degradation caused by increased output production.
D) excludes the value of the wages and benefits of government employees.
Correct Answer:
Verified
Correct Answer:
Verified
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