Measured inaccurately by either income or expenditure method

Assignment Help Business Economics

Reference no: EM13888469

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.

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.

The value produced by doing your own laundry

The components of an MP3 player that are produced in China

The quality of goods available to consumers

The costs of air and water pollution

Funds spent by city governments to renovate their buildings

Reference no: EM13888469

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