Which of the following is not one of the limitations of GDP?
GDP does not show the type and quality of goods and services that a country produces
GDP does not measure fast food consumption
GDP does not account for goods and services not sold in the marketplace like work done at home
GDP does not measure the value of leisure time or illegal goods
Economics - Financial Markets
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The answer i think it is: GDP does not measure the value of leisure time or illegal goods
I agree with you
Mito you know the answer's just gotta be confident in your answers
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Yeah I'm not very confident haha.. Well I'm going to check if these are the correct answers now. I'll need help if I got something wrong.
they should be right, the second one im 89% sure
actuaally im sure
Thank you very much! I really appreciate you helping me! So I'll get back to you with the answers.
Ill be here
1 - b.
This is assuming the restaurant is owned by citizens of country X.
2 - b.
In this case, there is no change in domestic product, but national product increases, as the nationally-owned country is getting revenue.
3 - impossible to answer.
To find out per-capital GDP, we need to know not only population but also (dun dun dun) GDP. We have no numerical indication of GDP, so we cannot know the per-capita GDP.