The Value of Leisure Time Is

question 27

Multiple Choice

The value of leisure time is

• A)directly included in GDP but, in recent years, has become a decreasing large part of GDP.
• B)zero.
• C)included in GDP and, in recent years, has become an increasing large part of GDP.
• D)excluded from GDP.
• E)directly included in GDP and, in recent years, has not changed much as a fraction of GDP.

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Definitions:

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols, names and images used in commerce.

Parent Entity

A company that owns more than half of another company, making the latter a subsidiary.

Debt Financing

The raising of funds through borrowing, typically by issuing bonds or taking out loans, to finance an organization's operations or projects.