Which of the Following Exclusions from GDP Suggests That GDP

question 296

Multiple Choice

Which of the following exclusions from GDP suggests that GDP underestimates our material well-being?

• A)The unreported sales of narcotics
• B)The environmental impacts of congestion and pollution
• C)The increased stress and health problems caused by the modern pressures and demands of the work place
• D)The unreported earnings of people who work off the books

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Definitions:

Sales Of Goods

Transactions or agreements involving the exchange of tangible, movable items between parties for money or other consideration.

Temporary Insurance

A limited-term coverage that provides immediate protection until a permanent insurance policy is issued or denied.

Actual Policy

The specific, enforceable terms and conditions of an insurance contract as it has been issued.

Binder

A binder is a temporary insurance agreement that provides coverage until a formal, permanent policy is issued, often used in property and casualty insurance scenarios.