Which of the Following Is a Shortcoming of GDP Accounts

question 40

Multiple Choice

Which of the following is a shortcoming of GDP accounts?

• A) They tend to overstate the trade balance as only exports are considered.
• B) They do not take into account the unemployment level.
• C) They include only production by the private sector and not government production.
• D) They ignore the impact of pollution on the environment.

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Definitions:

Occipital Lobe

The rearmost lobe in each cerebral hemisphere of the brain, primarily responsible for processing visual information.

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.

Basilar Membrane

A structure in the inner ear that plays a key role in the sense of hearing by vibrating in response to sound, which ultimately converts acoustic signals into electrical impulses for the brain to interpret.

Middle Ear

the part of the ear located between the eardrum and the inner ear that contains three small bones transmitting sound vibrations to the inner ear.