Which Nonmarket Good or Service Is Included as an Estimate

question 97

Multiple Choice

Which nonmarket good or service is included as an estimate in Canadian GDP?

• A) the value of unpaid housework
• B) the value of vegetables that people grow in their gardens
• C) the estimated rental value of owner-occupied homes
• D) the estimated value of volunteer work

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Definitions:

Correlation Designs

Research designs used to measure and analyze the relationships between two or more variables without implying causation.

Confirmatory Factor Analysis

A statistical technique used to validate the factor structure of a set of observed variables and to confirm prior hypotheses about their relationships.

Latent Variables

Variables that are not directly observed but are inferred from other variables that are measured directly in research.

Psychometric Properties

Characteristics that describe the quality of psychological tests or measurements, including reliability, validity, and factor structure.