GDP Excludes Most Items That Are Produced and Sold Illegally

question 91

Multiple Choice

GDP excludes most items that are produced and sold illegally and most items that are produced and consumed at home because

• A)the quality of these items is not high enough to contribute value to GDP.
• B)measuring them is so difficult.
• C)the government wants to discourage the production and consumption of these items.
• D)these items are not reported on income tax forms.

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Definitions:

Shortness of Breath

A condition where an individual feels unable to draw a deep breath or feels suffocated.

Acute Respiratory Disease

A sudden onset of respiratory illness, such as pneumonia or acute bronchitis, characterized by symptoms like coughing and shortness of breath.

IC

Integrated Circuit, a set of electronic circuits on one small flat piece (or "chip") of semiconductor material, usually silicon.

Chronic Obstructive Pulmonary Disease

A group of lung diseases, including emphysema and chronic bronchitis, that block airflow and make breathing difficult.