One of the Flaws of GDP Is That It

question 61

Multiple Choice

One of the flaws of GDP is that it

• A) includes only transactions that take place in formal businesses.
• B) ignores transactions that do not take place in organized markets.
• C) includes measures of the underground economy.
• D) includes measures of changes of quality of life associated with producing output.

---

Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Ordinary Events

Ordinary events are commonplace occurrences or routines that form part of everyday life, lacking extraordinary or exceptional features.

Standard Deviation

A metric indicating how much a group of numbers spreads out or differs from each other.

Psychic Powers

The alleged ability to perform extraordinary mental processes such as telepathy or psychokinesis.