Statistics Canada excludes from GDP the value of goods and services exchanged "under the counter" because
A) these goods are all intermediate goods.
B) satisfactory methods for their measurement have not been developed.
C) these goods do not contribute to well- being.
D) Statistics Canada is responsible for making an ethical decision about which activities to exclude from national income measures.
E) their production has zero opportunity cost.
Correct Answer:
Verified
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
Q27: One reason that GDP tends to understate
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
Q33: The principle difference between GDP and GNP
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