Homework Help: Macroeconomics

Posted by Kensi on Saturday, December 1, 2012 at 4:01pm.

Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP. How might the absence of these values mislead one when comparing the economic well-being of the United States and India? What other items are not included in GDP and how might their exclusion impact policy?

No one has answered this question yet.

Answer this Question

Related Questions

Command Economies - All I kind of know is that, the government controls the ...
Free Market Enterprise - This economy focuses on Competition. What goods and ...
Economics - Which of the following is a summary of the three key economic ...
goods and services - Explain the major difference between goods and services. ...
Economics - five final goods and services that are not included on the GNP GNP ...
managerial economics - Explain why the cost structure associated with many kinds...
Managerial Economics - Explain why the cost structure associated with many ...
Macroeconomics - In an economy, in a given year the production of capital goods ...
Economics - GNP accounts avoid double counting by including only the value of ...
Economics - How does a laissez faire economy make the decision about what goods ...

For Further Reading

First Name:
School Subject:
Answer: