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:

Public Corporation

A company whose shares are traded freely on a stock exchange or markets, owned by public shareholders, and subjected to regulatory reporting requirements.

Model Business Corporation Act

A uniform set of laws that is designed to regulate the formation, operation, and dissolution of corporations, adopted by many U.S. states to facilitate business.

Close Corporation

A corporation with a limited number of shareholders and no public shares, often operated by a few individuals with closely aligned interests.

Charter of the Corporation

A legal document issued by a governmental authority that establishes a corporation and outlines its basic terms of operation, rights, and responsibilities.