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:

Requisite Variety

A principle in systems theory that states a system or organization must have a diversity and complexity of responses that matches the complexity of the environment it operates in.

Leader Complexity

The characteristic of a leader to understand, manage, and utilize various complex thoughts and behaviors in leading effectively.

Behavioral Flexibility

The ability of an individual to adapt and change their behavior based on the current situation or environment, which is crucial for effective leadership and interpersonal relations.

Mental Model

A cognitive framework comprising the assumptions, beliefs, and understandings about the world and ourselves which we use to interpret new experiences and information.