Which of the Following Is NOT Included in Real GDP

question 87

Multiple Choice

Which of the following is NOT included in real GDP?

• A)Production that takes place in the underground economy.
• B)Production of goods that last less than a year, such as production of hot dogs.
• C)Production of services, such as the services of hairdressers.
• D)Production of goods that last more than a year, such as a pair of rollerblades.

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Definitions:

Asch

Refers to the Asch conformity experiments which demonstrate the influence of group pressure on individuals to conform.

Conformity Motivation

The drive that influences individuals to match their attitudes, beliefs, and behaviors to group norms or expectations.

Group Size

Refers to the number of individuals constituting a social or work group, affecting dynamics and interactions within.

Distortion of Judgment

refers to the impairment or alteration of an individual's ability to make clear, rational decisions or assessments due to various influences.