Question
GDP is an imperfect measurement of economic well-being or standard of living because: (More than one answer is correct) a) It does not reflect the
GDP is an imperfect measurement of economic well-being or standard of living because: (More than one answer is correct)
a) It does not reflect the distribution of the GDP or income among households
b) Non-market transactions are not included
c) It does not include imports
d) It does not include factors such as leisure, quality of the environment
e) It does not include new products
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
