GDP Excludes Most Items That Are Produced and Sold Illegally

question 91

Multiple Choice

GDP excludes most items that are produced and sold illegally and most items that are produced and consumed at home because

• A)the quality of these items is not high enough to contribute value to GDP.
• B)measuring them is so difficult.
• C)the government wants to discourage the production and consumption of these items.
• D)these items are not reported on income tax forms.

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Definitions:

Whole Number Skills

The ability to use and understand integers (positive, negative, and zero) in arithmetic operations.

Metamemory

The awareness and understanding of one's own memory processes.

Chunking

A strategy for improving memory by breaking information down into smaller, more manageable units or groups, making it easier to process and remember.

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it in short-term memory or to encode it into long-term memory.