The GDP Figures Fail to Count Labor Services and Other

Multiple Choice

The GDP figures fail to count labor services and other household production. Once this omission is taken into account,

A) the income differences between the high and low income countries are small.
B) the differences in living standards between the high and low income countries are small.
C) the income differences between the high and low income countries are still huge.
D) the life expectancy in the high and low income countries is approximately the same.