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. O The value produced by doing your own laundry O Federal government paychecks to soldiers O The leisure time enjoyed by households O The costs of air and water pollution When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of wood from Brazil causes in US GDP.
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. O The value produced by doing your own laundry O Federal government paychecks to soldiers O The leisure time enjoyed by households O The costs of air and water pollution When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of wood from Brazil causes in US GDP.
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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Please give a detailed solution with an explanation and answer all the questions provided in the image below.
For the 3 blank answers here are the options:
Blank Answer #1:
investment or government purchases or consumption
Blank Answer #2:
decreasing or increasing
Blank Answer #3:
an overall increase or an overall decrease or no overall change
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