5. 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 Canada? Check all that apply. C] The quality of goods available to consumers Cl Federal government paycheques to soldiers C] The value produced by doing your own laundry C] The costs of overshing and other overly intensive uses of resources When a Canadian company purchases and imports wood products from Brazil to use to build new houses, within Canada, this purchase increases the V component of GDP, while also V net exports by the same amount. Therefore, the purchase of wood products from Brazil causes V in Canadian GDP. 5. 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 Canada? Check all that apply. O The quality of goods available to consumers O Federal government paycheques to soldiers investment ced by doing your own laundry rfishing and other overly intensive uses of resources government purchases consumption purchases and imports wood products from Brazil to use to build new houses, within Canada, this purchase increases the component of GDP, while also net exports by the same amount. Therefore, the purchase of wood products from Brazil causes in Canadian GDP.5. 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 Canada? Check all that apply. The quality of goods available to consumers Federal government paycheques to soldiers The value produced by doing your own laundry The costs of overfishing and other overly intensive us increasing decreasing When a Canadian company purchases and imports wood produ to use to build new houses, within Canada, this purchase increases the component of GDP, while also net exports by the same amount. Therefore, the purchase of wood products from Brazil causes in Canadian GDP.5. 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 Canada? Check all that apply. The quality of goods available to consumers O Federal government paycheques to soldiers The value produced by doing your own laundry The costs of overfis an overall increase intensive uses of resources an overall decrease When a Canadian company p wood products from Brazil to use to build new houses, within Canada, this purchase increases the no overall change while also net exports by the same amount. Therefore, the purchase of wood products from Brazil causes in Canadian GDP
