Which of the Following Is a Significant Weakness of GDP

question 236

Multiple Choice

Which of the following is a significant weakness of GDP as a measure of the nation's economic performance?

• A) GDP excludes the secondhand good market because it is impossible to obtain an estimate of the amount sold.
• B) GDP excludes the value of the buying and selling of securities.
• C) GDP considers product and factor markets but not services.
• D) GDP excludes nonmarket production, such as black market activities.

---

Definitions:

Clients

Individuals or entities that seek and receive professional services or advice from a business or professional individual in return for payment.

Clique Formations

The process by which groups of individuals with similar interests, values, or backgrounds form exclusive groups within a larger community.

Rivalries

Competitive or antagonistic interactions or relationships between individuals, groups, or entities.