Ask Question
BusinessBusiness
31 May, 21:53

Which of the following statements is correct? A. GDP includes nonmarket production but is not a measure of a nation's overall welfare. B. GDP includes nonmarket production and is therefore a good measure of a nation's overall welfare. C. GDP excludes nonmarket production but is usually considered a good measure of a nation's overall welfare. D. GDP excludes nonmarket production and is not a measure of a nation's overall welfare.

+2
Answers (1)
  1. 31 May, 23:41
    0
    B. GDP includes non market production and is therefore a good measure of a nation's overall welfare

    Explanation:

    A GDP is a total values of the goods and the services that are produced within a given country border and thus is the most common measure of measuring the country in terms of the size of the economy. Thus can tell the health of the country and is the monetary value of all the goods and services. The non market activities include the production of the food at homes these services don't account for the in-country GDP.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements is correct? A. GDP includes nonmarket production but is not a measure of a nation's overall welfare. B. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The price elasticity of demand tells us about a. The sensitivity of price to quantity b. The sensitivity of quantity to price c. The sensitivity of income to price d. The sensitivity of income to quantity
Answers (1)
Jennifer North has asked you, as a potential consultant for Wearable Wishes, to prepare document that summarizes your preliminary evaluation of how and why Wearable Wishes can compete with the threat Zara poses to its U. S. market base?
Answers (1)
Which company is more likely to have the higher inventory turnover ratio: a grocery store or an automobile manufacture?
Answers (1)
Chris Suit is administrator for Lowell Hospital. She is trying to determine whether to build a large wing on the existing hospital, a small wing, or no wing at all.
Answers (1)
Are there any welfare or subsidies that should be reviewed or added in south africa?
Answers (1)
New Questions in Business
Analyst 1 suggested that the demand curve for newspapers in Baltimore might have shifted to the right because people were becoming more literate. Think of two other plausible stories that would result in this demand curve shifting to the right. A.
Answers (1)
This term refers to the length of a training session:
Answers (1)
The evolutionary process that selects variations in inherited characteristics that best suit an individual for survival and reproduction in a particular environment is known as:
Answers (1)
Joseph cavato is paid $12.96 per hour. during the past week, he worked 46 hours, and he is a covered employee who must be paid for overtime. calculate his gross pay using the overtime premium approach.
Answers (1)
Dinkins company purchased a truck that cost $46,000. the company expected to drive the truck 100,000 miles over its 5-year useful life, and the truck had an estimated salvage value of $8,000.
Answers (1)
Home » Business » Which of the following statements is correct? A. GDP includes nonmarket production but is not a measure of a nation's overall welfare. B. GDP includes nonmarket production and is therefore a good measure of a nation's overall welfare. C.
Sign Up Forgot Password?