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Which of the following is included in GDP? "bads" such as pollution, congestion, and crime automobile...

Which of the following is included in GDP?

"bads" such as pollution, congestion, and crime

automobile manufacture

production in the home

the measurable effects of income distribution

none of the above are included in real GDP calculations

The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers is the ________.

international capital account

current account

official settlements account

capital and financial account
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Answer #1

a) "B"

Automobile manufacture is included in the GDP because it involves money exchange. Household production unless sold would not be part of the GDP, Pollution and environmental damage are not part of the GDP, transfer like income equality are not part of it either.

b) "B"

Current account records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers.

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