Ans. Option d
GDP does not account for the pollution due to production of certain goods. Although it depletes the resources in the country but still their depleted value is not adjusted in the GDP.
The rest of the options are not correcr because activities like making dinner for family etc. which cannot be measured in monetary terms do not find place in GDP calculations, illegal goods are not considered in the calculation of GDP and the GDP is the measure of market value of goods produced in the economy, so, it does not indicate about the distribution of income from this production.
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Which choice below is TRUE? Most nonmarket and domestic activities are counted in GDP, as they...
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Which of the following best describes the relationship between a
stock concept and a flow concept?
A stock concept has a time period
associated with it, whereas a flow concept is an amount of
something at a given point in time.
A stock concept is an amount of something at a given point in
time, whereas a flow concept has a time period associated with
it.
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What expenditure category of production is largest for most
countries?
Investment
Consumption
Net...
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