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 81 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
Gracias!

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Four cheetahs at Serengeti National Park, Tanzania Four cheetahs at Serengeti National Park, Tanzania
Burchell's zebra (E. q. burchellii) in Etosha National Park, Namibia Burchell's zebra (E. q. burchellii) in Etosha National Park, Namibia
Alligators of various ages in Everglades National Park Alligators of various ages in Everglades National Park
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Sol Duc Falls in Olympic National Park, Washington. Sol Duc Falls in Olympic National Park, Washington.
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library