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Attempts Keep the Highest / 1 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily

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Attempts Keep the Highest / 1 6. 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. Funds spent by city governments to renovate their buildings O The leisure time enjoyed by households The costs of overfishing and other overly intensive uses of resources O The value produced by doing your own laundry When a U.S. company purchases and imports automotive parts from Canada to use to build cars within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of automotive parts from Canada causes in US GDP

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