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Solve clearly Attempts I I Average .I' 2 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's m, it does
Solve clearly
Attempts I I Average .I' 2 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's m, 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 a!!! that appiy. C] The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government [:1 Funds spent by city governments to renovate their buildings [:1 The loss of enjoyment people incur when scenic land is converted to commercial use C] The leisure time enjoyed by households when a U.S. company purchases and imports automotive parts from Canada to use to build cars within the United Statesr this purchase increases the v component of GDP while also V net exports by the same amount. Therefore, the purchase of Continue without saving automotive parts from Canada causes V in US GDPStep by Step Solution
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