GDP Does NOT Exclude

question 167

Multiple Choice

GDP does NOT exclude:

• A) the value of leisure.
• B) damage to the environment.
• C) the value of housework.
• D) the value of owner-occupied housing.

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Definitions:

Political Calculation

The process of making decisions within the political realm based on strategic considerations of gain and loss.

Class Biases

Prejudices or discriminations based on social or economic class divisions within society.

Treaties

Formal agreements between sovereign states or international organizations, binding in international law.

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government and the rights of the citizens.