GDP Includes

question 139

Multiple Choice

GDP includes:

• A) the negative attributes from erosion and deforested landscape.
• B) all quality improvements resulting from higher quality goods replacing inferior goods.
• C) the cleaning-up expenses associated with pollution.
• D) the value of leisure time.
• E) the illegal activities related to the underground economy.

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Definitions:

GDP

Gross Domestic Product, the total monetary value of all final goods and services produced within a country's borders in a specific time period.

American Tourists

Individuals from the United States who travel to different countries or destinations for pleasure, leisure, or cultural experiences.

GNP

Gross National Product, which measures the total economic output produced by a country's residents, both domestically and abroad.

GDP

Gross Domestic Product, which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.