Ask Question
BusinessBusiness
31 March, 12:11

One of the flaws of GDP is that it Select one: a. includes only transactions that take place in formal businesses. b. ignores transactions that do not take place in organized markets. c. includes measures of the underground economy. d. includes measures of changes of quality of life associated with producing output.

+4
Answers (1)
  1. 31 March, 12:16
    0
    B.

    Explanation:

    GDP is Gross domestic product and it the total monetary value of all the finished goods and the services produced in a country (within the border) in a financial year. It is calculated in three ways using expenditure, production or income. it is a key tool to guide policymakers, investors, businesses in strategic decision making.

    But one of the flows of GDP is that it ignores transactions that do not take place in organized markets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “One of the flaws of GDP is that it Select one: a. includes only transactions that take place in formal businesses. b. ignores transactions ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A 16-year, 4.5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.7 percent from the current rate of 5.5 percent?
Answers (1)
Clark owns a parcel of land that adjoins a public highway. Kaylee owns a parcel of land behind Clark's property. Although Kaylee's land has access to another public street, Kaylee would like to build a driveway over Clark's land to the highway.
Answers (1)
Credit card refinancing vs debt consolidation
Answers (2)
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals: Multiple Choice $546,250. $426,250.
Answers (1)
Yokam Company is considering two alternative projects. Project 1 requires an initial investment of $520,000 and has a present value of cash flows of $1,300,000.
Answers (1)
New Questions in Business
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.
Answers (1)
Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines.
Answers (1)
Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank.
Answers (1)
Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on
Answers (1)
Home » Business » One of the flaws of GDP is that it Select one: a. includes only transactions that take place in formal businesses. b. ignores transactions that do not take place in organized markets. c. includes measures of the underground economy. d.
Sign Up Forgot Password?