GDP Reflects Many Things; However,it Does Not Reflect the Value

question 161

True/False

GDP reflects many things; however,it does not reflect the value of production that takes place in a nonmarket setting.

---

Definitions:

Case Law

Law established by the outcome of former cases and used as a guideline for deciding similar future cases.

Legal Encyclopedias

Comprehensive written compendiums that summarize the state of the law, organized by subject matter, and widely used as reference by legal professionals.

Treatises

Comprehensive and detailed written works, often on legal topics, that systematically cover the principles and laws related to a specific subject.

Law Review Articles

Scholarly articles published by law schools, usually written by law professors, scholars, or legal professionals, on various legal issues and topics.