Multiple Choice
Which of the following is a shortcoming of GDP?
A) GDP measures used goods and services.
B) GDP includes changes in inventories.
C) GDP includes the value of net exports.
D) GDP does not make an allowance for leisure time.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: Why is it important to distinguish nominal
Q66: Economic values that are measured in units
Q67: In a given year, U.S. nominal GDP
Q68: Because of transactions which take place in
Q70: In an economy with persistent inflation,<br>A) real
Q70: Which of the following would not be
Q71: If net exports are a negative number,
Q72: Exhibit 5-4 Gross domestic product data<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg"
Q73: Which of the following expenditures would not
Q74: Which one of the following is not