GDP Includes

question 59

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.

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Definitions:

Standard Deviation

A measure of the dispersion or variability in a set of data or probability distribution.

Returns

The gains or losses from an investment over a specific period, usually expressed as a percentage.

Years

Units of time equal to 365 days (or 366 days in leap years), used as a basic measure of time for planning and agreements.

Risk Premium

The additional return expected for holding a risky investment over a risk-free one.