One reason that GDP tends to understate the economic well- being of the country's residents is that it ignores the
A) incomes of police officers whose labour reduces the impact of illegal activity.
B) incomes and value added by employees of used car lots.
C) benefits of increased leisure time.
D) legal expenditures from people who earn their incomes from criminal activity.
E) the incomes earned by Members of Parliament.
Correct Answer:
Verified
Q22: In national- income accounting, "depreciation" refers to
A)a
Q23: Which one of the following is an
Q24: In national- income accounting, the value of
Q25: The change in the country's capital stock
Q26: Suppose a Canadian firm imports $1000 worth
Q28: Statistics Canada excludes from GDP the value
Q29: When calculating GDP from the expenditure side,
Q30: Which of the following is included in
Q31: A government transfer payment to a person
Q32: Total value added in an economy is
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