Which of the following options are either not accounted for or are measured inaccurately in calculations of GDP for the United States? Check all that apply. A. The variety of goods available to consumers B. Funds spent by state governments to build highways C. The costs of overfishing and other overly intensive uses of resources D. The value of babysitting services, when the babysitter is paid in cash and the transaction isn’t reported to the government E. The parts of a car manufactured in the United States that are produced in Canada
Which of the following options are either not accounted for or are measured inaccurately in calculations of GDP for the United States? Check all that apply. A. The variety of goods available to consumers B. Funds spent by state governments to build highways C. The costs of overfishing and other overly intensive uses of resources D. The value of babysitting services, when the babysitter is paid in cash and the transaction isn’t reported to the government E. The parts of a car manufactured in the United States that are produced in Canada
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following options are either not accounted for or are measured inaccurately in calculations of GDP for the United States? Check all that apply.
A. The variety of goods available to consumers
B. Funds spent by state governments to build highways
C. The costs of overfishing and other overly intensive uses of resources
D. The value of babysitting services, when the babysitter is paid in cash and the transaction isn’t reported to the government
E. The parts of a car manufactured in the United States that are produced in Canada
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