Multiple Choice
GDP ignores:
A) the value of mowing your lawn if you hired someone to do it.
B) the value of cleaning your clothes if you took them to the laundry.
C) the value of driving your kids to school if you hired a taxi to do it.
D) the value of the air quality in your neighbourhood.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: Gross private domestic investment does not include:<br>A)
Q50: Which one of the following statements is
Q51: The expenditure approach to GDP accounting includes:<br>A)
Q52: If the underground economy were included in
Q54: GDP understates national wellbeing because:<br>A) there is
Q56: The payment of welfare benefits by the
Q57: Income is an example of a _,
Q58: Gross domestic product (GDP) is officially measured
Q59: Net domestic product is calculated as GDP:<br>A)
Q60: GDP is not a perfect measure of