Which of these are not accurately accounted for by either the income or expenditure methods of calculating GDP for the United States?

a. The Brazilian wood that is used for flooring an American house.
b. The value of leisure time.
c. The loss of enjoyment people incur when scenic land is converted to commercial use
d. Funds spent by city governments to renovate their buildings
e. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

Is the answer b, c, and e? or is a included also?

B,C,E

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The answer is b, c, and e.

a. The Brazilian wood that is used for flooring an American house is accounted for in GDP because it represents a physical good that is produced and sold within the United States.

b. The value of leisure time is not included in GDP calculations as it is not a market transaction or a tangible good or service.

c. The loss of enjoyment people incur when scenic land is converted to commercial use is not accounted for in GDP calculations as it is a subjective experience rather than a market transaction.

d. Funds spent by city governments to renovate their buildings are accounted for in GDP as government expenditures are included in the expenditure method of calculating GDP.

e. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government, is not accurately accounted for in GDP calculations as it is an underground or informal economic activity that goes unreported.

The answer is b, c, and e.

To determine which of these variables are not accurately accounted for by either the income or expenditure methods of calculating GDP for the United States, let's consider each option:

a. The Brazilian wood that is used for flooring an American house: This is accurately accounted for in the GDP calculation because it represents a final good or service that is included in the expenditures component of GDP.

b. The value of leisure time: This is not accurately accounted for in GDP calculations. GDP measures the market value of goods and services produced within a country's borders, and leisure time does not have a market value.

c. The loss of enjoyment people incur when scenic land is converted to commercial use: This is not accurately accounted for in GDP calculations. GDP measures market transactions and does not take into account subjective experiences or the loss of enjoyment from changes in the environment.

d. Funds spent by city governments to renovate their buildings: This is accurately accounted for in GDP calculations. Government spending is included in the expenditure component of GDP.

e. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government: This is not accurately accounted for in GDP calculations. GDP measures only legal market activities, and transactions that are not reported to the government, such as informal cash payments, are not included.

Therefore, the incorrect variables accounted for in GDP calculations are b, c, and e. Option a is accurately accounted for in GDP calculations.