Statistics Canada Excludes from GDP the Value of Goods and Services

question 40

Multiple Choice

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

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

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Definitions:

General

A term referring broadly to an overall category or consideration, not specifically detailed or limited to a particular instance.

Structural Mapping

A technique used in various fields to illustrate or identify the relationships between different concepts or objects.

Enmeshed Alliances

Describes overly close relationships where boundaries are blurred and individual identities may become somewhat lost.

Cognitive Dissonance

A psychological phenomenon where there is discomfort or mental conflict due to holding contradictory beliefs, values, or attitudes.