Business, 18.04.2020 02:26 babyskitt

Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.

a. The Brazilian wood that is used for flooring in a new U. S. house Federal government paychecks to soldiers.
b. The costs of overfishing and other overly intensive uses of resources.
c. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
d. The leisure time enjoyed by Americans

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Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not neces...

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