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 93 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
:D TYSM

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Tropical deciduous forest in Bandhavgarh National Park, India Tropical deciduous forest in Bandhavgarh National Park, India
National lead measurements, 1984 - 2008 National lead measurements, 1984 - 2008
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library