Can you think of things that are not included or taken

Reference no: EM133376939

Question: GDP is the best measurement for standard of living but is not perfect. Can you think of things that are not included or taken into account when measuring GDP? Please do not write used goods or imported goods - because GDP counts domestic and current production. The question here is to give at least one example of things that are part of the economy this year and produced locally but is not counted and perhaps should be.

Reference no: EM133376939

Questions Cloud

Explain the key elements of your implementations : Unit 20 Advanced Programming - BTEC Higher National Diploma (HND) in Computing - explain the key elements of your implementations, the rationale

What is the labor force in this economy : The total number of unemployed individuals in an economy is equal to 949. The total number of employed is 13,861, and the working-age population is 21,404.

Find the new equilibrium levels of income and savings : Now suppose that households change behaviour: they want to save 25 more (i.e., the savings function shifts up by 25). Find the new equilibrium levels of income

Discuss the pros and cons of using realistic job previews : Discuss the pros and cons of using realistic job previews as a method of increasing the company's retention of new hires.

Can you think of things that are not included or taken : GDP is the best measurement for standard of living but is not perfect. Can you think of things that are not included or taken into account when measuring GDP?

Evaluate the complexity of your implemented algorithm : Examine appropriate research methodologies and approaches as part of the research process and Reflect on the application of research methodologies

Provide cost and benefit analysis for your idea : Provide a cost/benefit analysis for your idea. Make sure to mention any sunk or opportunity costs involved in the implementation of this program

Chronological history of bata india industrial relations : Examine and analyze the chronological history of Bata India's Industrial Relations?

What is bank of canada inflation target for consumer price : what is Bank of Canada's inflation target for consumer prices? What did CPI inflation decline to in December? What does the Bank of Canada expect core inflation

User Account

All Pages