Which of the Following Is Directly Accounted for in the Calculation

question 76

Multiple Choice

Which of the following is directly accounted for in the calculation of GDP?

• A)the value of one hour of leisure as measured by the hourly wage one would otherwise earn by working
• B)the value of repairing your own kitchen sink as measured by the average rates charged by local plumbers
• C)cash earnings from an illegal poker game
• D)improvements in quality of life from the reduction of pollution
• E)None of the above items is accounted for in GDP.

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Definitions:

Social And Economic Values

Principles and standards that guide behavior in the marketplace and society, reflecting what is important in terms of economic and social outcomes.

Nonprofit Organizations

Entities that operate primarily for the advancement of social causes or the public interest without seeking to generate profits for owners or shareholders.

Exempt Activities

Actions or operations by certain organizations that are not subject to taxation due to their nature, usually charitable, educational, or religious.

Social Mission

The purpose or goal of an organization that focuses on creating social value and addressing societal needs rather than generating profits.