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Homework (Ch 10) Back to Assignment Attempts Keep the Highest / 2 6. Limitations of GDP Although GDP is a reasonably good measure of a
Homework (Ch 10) Back to Assignment Attempts Keep the Highest / 2 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. Federal government paychecks to soldiers The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The leisure time enjoyed by households )The costs of overfishing and other overly intensive uses of resources When a U.S. company purchases and imports electronic parts from China to use to produce MP3 players within the United States, this purchase net exports by the same amount. Therefore, the increases the component of GDP while also in US GDP. purchase of electronic parts from China causes Grade It Now Save & Continue Continue without saving
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