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 all that apply.

Linear Algebra: A Modern Introduction
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ISBN:9781285463247
Author:David Poole
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Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
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2. Limitations of GDP
Although GDP is a reasonably good measure of a nation's output, 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 all that apply.
The parts of a car manufactured in the United States that are produced in Canada
The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
Funds spent by city governments to renovate their buildings
The costs of air and water pollution
The leisure time enjoyed by Americans
Transcribed Image Text:2. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, 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 all that apply. The parts of a car manufactured in the United States that are produced in Canada The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government Funds spent by city governments to renovate their buildings The costs of air and water pollution The leisure time enjoyed by Americans
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