Why Are Illegal Activities,unreported Activities,and Non-Market Activities Excluded from GDP

question 30

Multiple Choice

Why are illegal activities,unreported activities,and non-market activities excluded from GDP?

• A)They do not contribute to human welfare.
• B)They do not have an opportunity cost.
• C)They are difficult to measure.
• D)The do not contribute to the true national output of goods and services.
• E)They are morally repugnant.

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Definitions:

Na

Na is the chemical symbol for Sodium, a highly reactive, silver-colored metal belonging to the alkali metal series, with atomic number 11.

Neutralization

A chemical reaction in which an acid and a base react quantitatively to form water and a salt, effectively balancing the acid and base.

HCl

Hydrochloric acid, a strong corrosive acid that is a solution of hydrogen chloride in water, used in industrial and manufacturing processes.

NaOH

Sodium hydroxide, a strong alkaline compound used in the manufacturing of various products, such as paper, textiles, and soaps.