Activities That Are Directly Included in GDP Accounts Include

question 37

Multiple Choice

Activities that are directly included in GDP accounts include:

• A) the value of housework done by householders.
• B) the selling of illegal drugs.
• C) unreported labor in sweatshops.
• D) buying a ticket to a Dodgers-Expos game on your day off.

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Definitions:

Lack-Of-Participation Error

Lack-of-participation error occurs when important people are excluded from the decision-making process.

Rational Decision Model

A systematic, step-by-step approach to making decisions based on logical, objective analysis of data and alternatives.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Task Expertise

Specific knowledge or skills related to performing certain tasks efficiently and effectively.