Which of the Following Would Most Likely Cause Measured GDP

question 207

Multiple Choice

Which of the following would most likely cause measured GDP to overstate the actual output produced in a year?

• A) Increased production in the underground economy
• B) A decline in the quality of goods and services produced
• C) Increased production for home use (non-market production)
• D) A decline in population
• E) Increased purchases of market produced services

---

Definitions:

Wisdom

The ability to think and act using knowledge, experience, understanding, common sense, and insight.

Ethics

A branch of philosophy dealing with moral principles and values governing individual and group behavior.

Good

An item or product that is manufactured or produced for sale, or anything that serves a need or desire.

Right

A moral or legal entitlement to have or obtain something or to act in a certain way.