Which of the Following Is a Shortcoming of GDP

question 98

Multiple Choice

Which of the following is a shortcoming of GDP?

• A) GDP measures nonmarket transactions.
• B) GDP includes an estimate of illegal transactions.
• C) GDP includes an estimate of the value of household services.
• D) GDP does not account for the distribution of consumption across a country's population.

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Definitions:

Functional Difference

Variations in the way individuals perform or complete tasks, often related to diverse abilities or disabilities.

Self-concept

An individual's perception of their own identity, including beliefs, feelings, and thoughts about oneself.

Control Over Behavior

The ability to regulate and manage one's actions or reactions, often in the context of psychological resilience or discipline.

Appraisal of Reality

The process by which an individual evaluates the external world and distinguishes between perceptions and interpretations of reality.