This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Jack swapped his basketball for Jim's glove. Even if national income accountants were aware of this ... (Read 86 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
Jack swapped his basketball for Jim's glove. Even if national income accountants were aware of this trade, they wouldn't include it in their GDP measure because
 
  A) it was an unproductive exchange.
  B) the basketball and glove were not final goods.
  C) this was not a market transaction.
  D) it failed to increase the wealth of both traders.
  E) there is no satisfactory way to determine market values for bartered goods, new or used.

Question 2

Which of the following economic activities is ignored in GDP accounts?
 
  A) The market value of medical services
  B) The market value of educational services
  C) The market value of illegal drugs
  D) The market value of prescription drugs
  E) The market value of the services associated with used-car dealers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

C


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Wow, this really help

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Grevy's zebras in Samburu National Reserve. Grevy's zebras in Samburu National Reserve.
Video: Genetic distance between human groups

For a complete list of videos, visit our video library