One Reason That Real GDP Tends to Overstate the Economic

question 23

Multiple Choice

One reason that real GDP tends to overstate the economic well- being of the country's residents is that it ignores

• A)transactions such as teenaged- babysitting services.
• B)the costs of increased leisure time.
• C)the tips that waiters receive.
• D)the market- based activity done from the home.
• E)the economic "bads" associated with production, such as pollution.

---

Definitions:

Multiple Answers

Situations or questions that allow for more than one correct or suitable response.

Bibliography

A list of books and/or other materials consulted or cited in the preparation of a work.

Hypothesis

A proposed explanation or assumption for a phenomenon, made on the basis of limited evidence as a starting point for further investigation.

Biography

A detailed description or account of someone's life, including facts and experiences written by another person.