A drawback of using market values to aggregate the quantities of goods and services produced in an economy is that:
A)higher-priced items count more.
B)GDP increases when not all goods are produced in greater quantities.
C)market prices generally reflect the economic benefit consumers expect to receive from an item.
D)not all economically valuable goods and services are bought and sold in markets.

Question

Quizplus · Accepted Answer

Products that are not exchanged in markets, like mowing your own lawn, are not valued easily. Thus, it's difficult to properly gauge their contribution to GDP.

A Drawback of Using Market Values to Aggregate the Quantities