Which of the Following Is a Shortcoming of GDP Accounts

question 40

Multiple Choice

Which of the following is a shortcoming of GDP accounts?

• A) They tend to overstate the trade balance as only exports are considered.
• B) They do not take into account the unemployment level.
• C) They include only production by the private sector and not government production.
• D) They ignore the impact of pollution on the environment.

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Definitions:

Postbox Rule

A legal principle that specifies the exact moment a contract is considered accepted, which is when an acceptance is communicated, even if it has not yet been received by the offeror.

Click-Wrap

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Online Communications

Involves the exchange of messages, information, or documents through the internet or electronic devices.

Binding Contract

A legally enforceable agreement between two or more parties that obligates them to perform specific actions or uphold terms.