Question

Goods and services that are not sold in markets, such as food produced and consumed at home, are generally not included in gdp. true or false: as a result, you would expect that gdp per person in india and the united states will differ by less than their actual comparative economic well-being.

Answer 1

Answer: 1). True

2). More

Step-by-step explanation: GDP refers to the market value of final goods and services produced withing the domestic territory of a country. It does not include goods and services that are not sold in markets, such as food produced and consumed at home. As a result of this, you would expect that GDP per person in India and the united states will differ by more than their actual comparative economic well-being.

Thus, the correct options are true and more.