Which of the Following Is False

question 64

Multiple Choice

Which of the following is false?

• A)​We do not have information on nonmarket transactions output that is reliable enough to include it in the GDP.
• B)​The most important nonmarket transaction omitted from GDP are services provided directly in the home.
• C)​The value that individuals place on leisure is omitted in calculating GDP.
• D)​All goods and services exchanged in the current period are included in this year's GDP.

---

Definitions:

Accepted Principles

Widely recognized norms or standards that guide behavior and practices in various fields or societies.

Professional Ethics

The set of principles and moral values that guide the behavior and practices of individuals in professional roles.

Formal Sanctions

Officially enforced penalties or rewards for behavior, typically in a legal or organizational context.

Violations

Acts of breaking rules, laws, or agreements, leading to consequences or penalties.