Multiple Choice
GDP fails to measure changes in
A) the prices of products caused by inflation
B) the market value of goods and services since it uses market prices for valuation
C) the quality of existing products that do not cause a change in price
D) leisure time,since it is valued at the minimum wage and not the true opportunity cost of lost wages
E) the production of services that are produced in the economy
Correct Answer:
Verified
Correct Answer:
Verified
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