10. Goods and services that are not sold in markets, such as food produced and consumed at...
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10. Goods and services that are not sold in markets, such as food produced and consumed at home, are gene rally not included in GDP. Can you think of how this might cause the numbers in the second column of Table 5.4 to be misleading in a comparison of the economic well-being of Canada and India? Explain.
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Related Book For 
Principles Of Macroeconomics
ISBN: 9780176591977
7th Canadian Edition
Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie
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