Which of the Following Activities Is Excluded from GDP, Causing

question 43

Multiple Choice

Which of the following activities is excluded from GDP, causing GDP to understate a nation's well- being?

• A) the services of used-car dealers
• B) the child-care services provided by stay-at-home parents
• C) the construction of new houses
• D) government expenditures on military equipment

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Definitions:

Demand Requirements

The specific needs or quantities of products or services that the market or a specific customer base requests over a certain period.

HR Plans

Strategic blueprints developed by human resources to recruit, develop, and retain the workforce necessary for organizational objectives.

External Supply

The amount of resources or inputs (such as labor or raw materials) that an organization can obtain from the external environment.

Labour Relations

The study and practice of managing the relationship between employers and employees, including negotiation of collective bargaining agreements.