Link to Publisher Materials-, MndTap . Cengage Learning e Cregg Study I Glded So

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Link to Publisher Materials-, MndTap . Cengage Learning e Cregg Study I Glded Solutio × x C Secure https:/ing.cengage x.htmi?deploymentid 55725919015819705534195425&elSBN-9781305650; MINDTAP Aplia Homework Tracking the U.S. Economy Back to Assignment Attempts: 7. DP Average:/1 Limitations of G Although GDP is a reasonably good measure of a nation's output, it does not necessanily include all transactions and production for that nation Which of the following activities are either not accounted for or are measured inaccurately in calculations of GDP for the United States? Check ail that apply, O The value of babysitting services, when the babysitter is pald in cash and the transaction isn't reported to the government Funds spent by city governments to renovate their buildings The loss of enjoyment people incur when scenic land is converted to commercial use The Brazlian wood that is used for flooring in a new U.S. house The quality of goods available to consumers Grade it Now Save & Continue Continue without saving esc

Explanation / Answer

loss of enjoyment when scenic land is converted for commercial use is not included in the GDP as it a feeling and not a good that is sold in the market at a price.

Funds spent by the government to renovate buildings will also be included in the GDP.

Brazilian wood imported will also be included in the GDP

Quality of good is not particularly included in the GDP unless it reflects in the price of the good.

Payments made to babysitters in cash that are not reported to the government are a class of economic activities that are included in the GDP of a country as the service transacted is exchanged the market for a price.

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