Choose the correct statement about factors that influence the standard of living. A. Underground activity is omitted from GDP.
B. Resources used to protect the environment are not valued as part of GDP.
C. The omission of household production from GDP means that the growth rate of GDP underestimates the growth rate of total production.
D. Leisure time is an economic good but it does not influence our economic welfare.

Question

16-06-2024
Business

Answered

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Choose the correct statement about factors that influence the standard of living. A. Underground activity is omitted from GDP.
B. Resources used to protect the environment are not valued as part of GDP.
C. The omission of household production from GDP means that the growth rate of GDP underestimates the growth rate of total production.
D. Leisure time is an economic good but it does not influence our economic welfare.

Sagot :

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