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Which of the following is a short coming of GDP? a.GDP excludes changes in inventries. b.GDP includes an estimate of illegal transactions. c.GDP exclude nonmarket transations. d.GDP excludes business investment  spending.

Which of the following is a short coming of GDP? a.GDP excludes changes in inventries. b.GDP includes an estimate of illegal transactions. c.GDP exclude nonmarket transations. d.GDP excludes business investment  spending.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 2CQQ
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Which of the following is a short coming of GDP?

a.GDP excludes changes in inventries.

b.GDP includes an estimate of illegal transactions.

c.GDP exclude nonmarket transations.

d.GDP excludes business investment  spending.

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