One of the limitations of aggregate accounting is that:
A) it includes market transactions that should be excluded.
B) it doesn't take depreciation into account.
C) it measures market activity, not social welfare.
D) there isn't enough data available in most developed countries to have national income accounts.
Correct Answer:
Verified
Q169: Using purchasing power parity instead of exchange
Q170: If economic activity increases, it follows that
Q171: The distinction between consumption and investment is:
A)that
Q172: The size of underground economies differs across
Q173: A genuine progress indicator (GPI)attempts to:
A)adjust GDP
Q175: The genuine progress indicator provides a measure
Q176: The World Values Survey, a group of
Q177: GDP is a good measure of:
A)relative welfare
Q178: Bhutan's government publishes a "gross national happiness"
Q179: Per capita gross domestic product (GDP)in the
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