One major reason that GDP is an inaccurate measure of the true level of economic activity is that
A) people frequently buy things they do not want.
B) it is statistically very inaccurate.
C) it does not include non-market activities.
D) it cannot be adjusted for changes in prices.
E) it includes net exports.
Correct Answer:
Verified
Q102: Which of the following is excluded from
Q103: Consider Canada's GDP deflator and Consumer Price
Q104: Consider the following statement: "An increase in
Q105: One major reason that GDP is an
Q106: Country X is highly ranked in terms
Q108: Using GDP as a measure of the
Q109: Researchers have been developing broad indexes of
Q110: Why are illegal activities,unreported activities,and non-market activities
Q111: Which of the following statements about the
Q112: Which of the following is included in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents