Statistics Canada Excludes from GDP the Value of Goods and Services

question 65

Multiple Choice

Statistics Canada excludes from GDP the value of goods and services exchanged "under the counter" because

• A)Statistics Canada is responsible for making an ethical decision about which activities to exclude from national income measures.
• B)satisfactory methods for their measurement have not been developed.
• C)their production has zero opportunity cost.
• D)these goods are all intermediate goods.
• E)these goods do not contribute to well-being.

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Definitions:

Land Bridges

Natural connections between separate landmasses, allowing animals and humans to migrate from one area to another.

Frozen Earth

Describes periods in Earth's history when ice sheets and glaciers covered significant portions of the planet's surface.

Subduction

The process by which one tectonic plate moves under another tectonic plate and sinks into the mantle as the plates converge.

Oceanic Crust

The outer layer of the Earth's lithosphere that comprises the ocean floors, primarily made of basaltic rock.