Multiple Choice
Which of the following activities is excluded from GDP, causing GDP to understate a nation's well- being?
A) the services of used-car dealers
B) the child-care services provided by stay-at-home parents
C) the construction of new houses
D) government expenditures on military equipment
Correct Answer:

Verified
Correct Answer:
Verified
Q38: The agency responsible for compiling the National
Q39: In year 1, Trailblazer Bicycle Company produced
Q40: The following are examples of final goods
Q41: If personal income exceeds national income in
Q42: In the treatment of U.S. exports and
Q44: Gross output (GO) for an economy in
Q45: National income accountants define investment to include<br>A)
Q46: <span class="ql-formula" data-value="\begin{array} { | l |
Q47: <span class="ql-formula" data-value="\begin{array} { | l |
Q48: When local police and fire departments buy