When Economists Refer to Intangible Items,they Are Referring to Such

question 70

Multiple Choice

When economists refer to intangible items,they are referring to such things as

• A)illegal goods,and the value of such items is included in GDP.
• B)illegal goods,and the value of such items is excluded from GDP.
• C)hair styling and dental care,and the value of such items is included in GDP.
• D)hair styling and dental care,and the value of such items is excluded from GDP.

---

Definitions:

Rocky Hill

A small elevation or mound of rock, either isolated or part of a larger hill, formed through various geological processes.

Stream Channel

The physical confine of a river or stream, composed of a bed and banks, which confines water flow.

Long-Range Forecasting

The process of predicting future events, trends, or conditions over an extended period, usually months or years ahead.

Seismic Activity

The frequency, type, and size of earthquakes experienced over a period of time in a particular area.