Gdp tends to
multiple choice
overstate economic welfare, because it does not include certain nonmarket activities such as the productive work of housewives
understate economic welfare, because it includes expenditures undertaken to offset or correct pollution
understate economic welfare, because it does not take into account increases in leisure
overstate economic welfare, because it does not reflect improvements in product quality

understate economic welfare, because it does not take into account increases in leisure

Explanation:

Although GDP is used as an indicator to assess a state or nation's standard of living, this indicator has a number of limitations. GDP does not take into account of leisure, levels of health and education, activities conducted outside the market, environmental quality etc. For example, country A might have a higher GDP than country B yet country A's workers work for more hours annually than country B.

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.