Limitations of GDP, Although GDP is a reasonably good

Limitations of GDP

Reference no: EM13698221

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.

The costs of air and water pollution

Federal highway payments

The value produced by doing your own laundry

The leisure time they have

The parts of a car manufactured in the United States that are produced in Canada

Reference no: EM13698221

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