What Does GDP Fail to Measure

question 65

Multiple Choice

What does GDP fail to measure?

• A) value of goods (such as mining ores)
• B) value of low-skill services (such as data entry)
• C) value of high-skill services (such as banking and accounting)
• D) barter, subsistence production, and household domestic labor
• E) It fails to measure all of the above.

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Definitions:

Massasoit

A leader of the Wampanoag Confederacy who played a key role in the early interaction between Native American tribes and the Pilgrims in the 17th century.

Wampanoag Chief

A leader of the Wampanoag, a Native American tribe from the northeastern United States, known historically for their involvement in early interactions with European settlers, including the first Thanksgiving.

Imported Goods

Items brought into a country from abroad for sale or trade.

European Colonies

were territories outside of Europe that were controlled and exploited by European powers from the 16th to the 20th centuries for economic, military, and strategic advantages.