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:

Void From The Outset

A legal term referring to agreements or contracts that are considered invalid and without effect from the moment they are created.

Uterine Tube

Also known as the fallopian tube, it is the path through which an egg travels from the ovary to the uterus.

Ampulla

A dilated portion of a canal or duct, such as those found in the gastrointestinal and reproductive tracts, which often plays a role in the storage of bodily fluids.

Infundibulum

Funnel-shaped structure or passage—for example, the infundibulum that attaches the hypophysis to the hypothalamus or the funnel-like expansion of the uterine tube near the ovary.