Limitations of the National Income Accounting System Include

Multiple Choice

Limitations of the national income accounting system include

A) valuing all output at its market price regardless of whether it contributes to a society's economic welfare
B) placing a market value on all positive externalities but ignoring negative externalities
C) accurate measurement of the value of leisure time
D) double counting food produced on a farm for family consumption
E) ignoring government production of goods and services