Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP. How might the absence of these values mislead one when comparing the economic well-being of the United States and India? What other items are not included in GDP and how might their exclusion impact policy?

1 answer

Jjkkknh
Similar Questions
  1. Why do markets exist?Markets enable people to buy what they need and sell the goods and services they produce. Markets ensure
    1. answers icon 1 answer
  2. Read each question and choose the best answer.The distribution of income received in the form of rent, wages, or interest is the
    1. answers icon 1 answer
  3. What are key economic questions every society must answer?Select all that apply. A). How will goods and services be produced?
    1. answers icon 0 answers
  4. What is the basic economic problem that societies must solve?(1 point)Responses Who will consume the goods and services? Who
    1. answers icon 1 answer
more similar questions