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NO EXPLANATIONS JUST ANSWERS 3. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all

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NO EXPLANATIONS JUST ANSWERS

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3. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transaclions 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 appiy. [:1 The variety of goods available to consumers [:1 Federal government paycheques to soldiers [:1 The costs of overshing and other overly intensive uses of resources [:1 The value of babysitting services, when the baby sitter is paid in cash and the transaclion isn't reported to the government 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

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