Government statisticians adjust GDP figures to include estimates of
A)the value of homemaking (work done within the home).
B)the underground economy.
C)child-rearing services provided by stay-at-home parents.
D)the costs of pollution to society.

Question

Quizplus · Accepted Answer

Government statisticians adjust GDP figures to include estimates of the underground economy, which consists of economic activities that occur outside the legal and regulatory framework. This can include transactions that are not reported to the government, such as those in the black market or informal economy. By estimating the size of the underground economy, statisticians can provide a more accurate picture of the overall size and growth of the economy. However, it is important to note that the inclusion of this estimate is subject to significant uncertainty, and it is often difficult to accurately measure the size of the underground economy.

Government Statisticians Adjust GDP Figures to Include Estimates of