ECON-2105-05F - Principles of Macroeconomics Homework 3 Chapter 6 GDP CM Est. Le

Question

ECON-2105-05F - Principles of Macroeconomics Homework 3 Chapter 6 GDP CM Est. Length: 2:00:00 Ebonia Bly Attempt 3 Save Question 14 (1 point) Which of the following goods and services are excluded from GDP? 1) Household production done by members of the household 2) Capital goods Expenditure on resources used to protect the environment .4) Govenment weather satellites Save Question 15 (1 point) The use of real GDP to measure the standard of living in a country is flawed, in part because A: 1) different countries have different levels of GDP. 2) different goods and services are produced in different countries. A:

Explanation / Answer

Ans) the correct option is household production done by members of the household.

Household production is not included While all other options are included in GDP.

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