6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include al

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6 Limitations Of Gdp Although Gdp Is A Reasonably Good Measure Of A Nation S Output It Does Not Necessarily Include Al 1 (24.55 KiB) Viewed 12 times

6. 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 costs of overfishing and other overly intensive uses of resources Funds spent by city governments to renovate their buildings The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government 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. In US GDP from Brazil causes