Question
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?
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?
A The costs of overfishing and other overly intensive uses of resources
B Federal government paychecks to soldiers
C The import and sale of illegal drugs from South America
D The variety of goods available to consumers, the costs of overfishing and other overly intensive uses of resources and the import and sale of illegal drugs from South America
This question is taken from Econ 101 – Principles of Macroeconomics » Fall 2021 » Homework Chapter 10
