One Problem with Using Market Values to Measure GDP Is

question 1

Multiple Choice

One problem with using market values to measure GDP is that

• A)you cannot compare completely heterogeneous goods by using their dollar values.
• B)some useful goods and services are not sold in markets.
• C)prices for some goods change every year.
• D)market values of export goods are usually priced in foreign currencies.

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Definitions:

Recycled

This term refers to the process of converting waste materials into new products to prevent waste of potentially useful materials, reduce consumption of fresh raw materials, and reduce energy usage and pollution.

Municipal Solid Waste

Refers to the everyday items we discard, such as packaging, food scraps, yard wastes, and appliances, managed by local municipalities.

Dumped

The act of disposing of waste or unwanted materials in an unauthorized area, often causing environmental harm.

Landfills

Sites for the disposal of waste material by burial and the oldest form of waste treatment.