As measured,GDP omits which of the following?
I.Illegal sales of goods and services
Ii.Changes in the amount of leisure time
Iii.Household production of goods and services
A) i only
B) i and ii
C) ii and iii
D) i and iii
E) i,ii,and iii
Correct Answer:
Verified
Q160: According to the expenditure approach to measuring
Q161: Which of the following describe the United
Q162: Q163: Q164: A recession runs from the Q166: The U.S.economy is experiencing falling output,falling employment,falling Q167: The calculation of GDP excludes the value Q168: Goods and services such as environmental quality,leisure Q169: A recession conventionally is defined as a Q170: Excluding household and underground production leads to
A)peak of the
A)underestimation
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