Leisure Time Is Ignored When Calculating GDP Because Leisure Time

question 190

Multiple Choice

Leisure time is ignored when calculating GDP because leisure time

• A)does not affect our standard of living.
• B)has been declining over time.
• C)is not an economic good.
• D)is not bought in a market.
• E)is not productive.

---

Definitions:

Homeostasis

The process by which living organisms regulate their internal environment to maintain a stable, optimal condition despite external changes.

Oxytocin

A hormone and neurotransmitter involved in childbirth and breastfeeding, also known as the "love hormone" for its role in social bonding.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, involved in the body's fight-or-flight response.

Eustress

Positive stress that motivates and focuses energy, perceived as within our coping abilities.