Although GDP is a reasonably good measure of a nations outpu

Although GDP is a reasonably good measure of a nation\'s output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. D The costs of overfishing and other overly intensive uses of resources ?The value of babysitting services, when the babysitter is paid in cash and the transaction isn\'t reported to the government ? The variety of goods available to consumers Expenditures on federal highways When a U.S. company purchases and imports electronic parts from China to use to produce MP3 players within the United States, this purchase increases the purchase of electronic parts from China causes ?component of GDP while also net exports by the same amount. Therefore, the in US GDP.

Solution

ANSWER:

1) Option a , b and c as gdp measures the final goods and services in a given period and only expenditure done on highways will be included in gdp while others won\'t be included.

2) investment , decreasing , no overall change