5. Limitations of GDP Although GDP is a reasonably good measure of a nation's economic well-being, it does not necessarily include all factors that contribute to it. Which of the following factors are not accounted for in calculations of the GDP of Canada? Check all that apply. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The costs of air and water pollution Funds spent by provincial governments to build highways The Brazilian wood that is used for flooring in a new Canadian house The quality of goods available to consumers
5. Limitations of GDP Although GDP is a reasonably good measure of a nation's economic well-being, it does not necessarily include all factors that contribute to it. Which of the following factors are not accounted for in calculations of the GDP of Canada? Check all that apply. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The costs of air and water pollution Funds spent by provincial governments to build highways The Brazilian wood that is used for flooring in a new Canadian house The quality of goods available to consumers
Chapter1: Making Economics Decisions
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Transcribed Image Text:5. Limitations of GDP
Although GDP is a reasonably good measure of a nation's economic well-being, it does not necessarily include all factors that contribute to it.
Which of the following factors are not accounted for in calculations of the GDP of Canada? Check all that apply.
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
The costs of air and water pollution
Funds spent by provincial governments to build highways
The Brazilian wood that is used for flooring in a new Canadian house
The quality of goods available to consumers
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