Why might a homemaker be upset with the way Gross Domestic Product (GDP) is calculated?
A) because the government always underestimates the dollar value of the household services produced at home and outside the market that are included in the Gross Domestic Product (GDP) statistic
B) because household services produced at home and outside the market are only included in Gross Domestic Product (GDP) if the homemaker is a man
C) because household services produced at home and outside the market that are sold to others are not included in Gross Domestic Product (GDP)
D) because none of the household services produced for at home and outside the market are included in Gross Domestic Product (GDP) even though they contribute greatly to the welfare of the family
Correct Answer:
Verified
Q89: Gross Domestic Product (GDP) figures may understate
Q90: Which of the following items are included
Q91: Which of the following statements is FALSE?
A)
Q92: National income accounting is
A) how the amount
Q93: Which of the following is included in
Q95: A car sold from a used car
Q96: Which of the following would NOT be
Q97: If you buy stocks and bonds, the
Q98: Which of the following transactions would be
Q99: Which of the following is NOT included
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