Which of the Following Statements Is TRUE About GDP

question 194

Multiple Choice

Which of the following statements is TRUE about GDP?

• A) GDP includes all known goods and services in the underground economy.
• B) GDP includes a negative adjustment for damage caused by pollution.
• C) GDP does not account for the distribution of income in a country.
• D) GDP includes a positive adjustment for the value of leisure and well-being.

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Definitions:

Contemplation Stage

A phase in the transtheoretical model of behavioral change during which an individual is aware a problem exists and is seriously thinking about overcoming it but has not yet made a commitment to take action.

Addiction

A physical or a psychological dependence, or both, on a drug.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Transcendence

The experience of surpassing normal physical or mental limitations.