Ask Question
BusinessBusiness
14 November, 08:10

GDP is an imperfect measure of economic well-being because it fails to measure what types of production? A. Household production and the underground economy. B. Business investment and foreign production. C. Household production and foreign production. D. Foreign production and the government sector.

+1
Answers (1)
  1. 14 November, 12:07
    0
    The correct answer is option A.

    Explanation:

    GDP is not a perfect method to measure economic growth and well being. This is because it does not include a lot of things. The production in the underground economy is not included. It also does not include household production of goods and services.

    Apart from that value of leisure, crimes, pollution, etc. are also not included. All this may lead to overestimation or underestimation of economic well being.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “GDP is an imperfect measure of economic well-being because it fails to measure what types of production? A. Household production and the ...” 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
Hall Company sells merchandise with a one-year warranty. In the current year, sales consist of 3,999 units.
Answers (1)
In monopoly how do you unmorgage a property
Answers (1)
The interaction of supply and demand between individual producers and consumers is studied within
Answers (1)
Fabrication, Inc, makes steel forms that are substandard. Geo Manufacturing Company has never bought or used a Fabrication form, but files a suit against the firm, alleging that its products are defective.
Answers (1)
On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,000 account receivable. The not is due in six months. At December 31, Black should record interest revenue of a. $0 b. $450 c. $900 d. $1800
Answers (1)
New Questions in Business
Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory: April 1 $30,600 Finished goods inventory: April 30 25,000 Total cost of goods manufactured: 116,400a. $125,000 b. $174,200 c.
Answers (1)
What types of serches and seizures are protected against under the fourth amendment to the u. S. Constitution
Answers (2)
All mammals have fur. A dog is a mammal. Therefore, a dog has fur. This set of statements is a representation of which object oriented development concept?
Answers (1)
The market demand for wheat is Q = 100 - 2p + 1pb + 2Y. If the price of wheat, p, is $2, and the price of barley, pb, is $3, and income, Y, is $1000. Then what is the income elasticity of wheat?
Answers (1)
The study of consumers and how they make decisions is called?
Answers (1)
Home » Business » GDP is an imperfect measure of economic well-being because it fails to measure what types of production? A. Household production and the underground economy. B. Business investment and foreign production. C.
Sign Up Forgot Password?