GDP ignores:
A) the value of mowing your lawn if you hired someone to do it.
B) the value of cleaning your clothes if you took them to the laundry.
C) the value of driving your kids to school if you hired a taxi to do it.
D) the value of the air quality in your neighborhood.
Correct Answer:
Verified
Q82: Nominal GDP is based on:
A) the existing
Q87: A country's current account balance is:
A) the
Q88: GDP is equal to:
A) GNP minus net
Q91: The output measure that adjusts for depreciation
Q91: In a closed economy,which of the following
Q92: Net national product is:
A) NDP minus depreciation.
B)
Q92: National saving can be defined as:
A)(T -
Q97: Net domestic product is calculated as GDP:
A)
Q98: One way that an economy can grow
Q104: The calculation of the GDP chain price
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