s Del Mar College Canvasxcick for Registration, Access Secure httosing MINDTAP H

Question

s Del Mar College Canvasxcick for Registration, Access Secure httosing MINDTAP Homework (Ch 10) Attempts Average: 12 6. Limitations of GDP GDP is a reasonably goed measure of a nation's output, it does not necessanily indude al o transactions and production for tha nation Which of the following scenarios are either not accounted for or measured inaccurabely by ether the income or the expenditure methods of ting GDP for the United States? Check all that apply O The loss of enjoyment people incur when scenic land is converted bo commercial use The leisure time enjoyed by households Expenditures on federal highways and te ba sada, ant C The value of babysitting services, when the babystter When a U.s. company purchases and imports electronic parts from China to use bo increases the purchase of electronic parts from China causes produce MPS players withn the United States, is purchae set ts by the same mut Them " component of GD, whit also

Explanation / Answer

1. Option a, b, d.

2. When a US company purchases and imports electronic parts from china to use to produce MP3 players within the us, this purchase increases the investment component of GDP which also decreases net exports by the same amount. Therefore, the purchase of electronic parts from China causes no change in US GDP.

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