Question

Limitations of GDP 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. The value produced by doing your own laundry O Funds spent by city governments to renovate their buildings O The costs of overfishing and other overly intensive uses of resources The leisure time enjoyed by households When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of wood n US GDP. from Brazil causes

Answer 1

The value produced by doing your own laundry

The leisure time enjoyed by households

Step-by-step explanation:

GDP measures the gross domestic product of a certain nation, which is basically the cost or value of all finished products and services that a nation can produce and offer, this unaccurately measures the value produced when you do your laundry because it is not reflected in any monetary transaction, as well as the leisure time enjoyed by households, since it is not a monetary transcation taking place.