Which of the Following Is Directly Accounted for in the Calculation

question 111

Multiple Choice

Which of the following is directly accounted for in the calculation of GDP?

• A)The value of repairing your own kitchen sink,as measured by the average rates charged by local plumbers.
• B)Improvements in quality of life from the reduction of pollution.
• C)The value of one hour of leisure as measured by the hourly wage one would otherwise earn by working.
• D)Cash earnings from an illegal poker game.
• E)None of the above items is accounted for in GDP.

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Definitions:

Learning Curve

The phenomenon that repeated task performance leads to improvements in speed and efficiency due to the acquisition of knowledge or skills over time.