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 92 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
Excellent

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Pacific Silver Fir cone debris from feeding Douglas Squirrels, North Cascades National Park Pacific Silver Fir cone debris from feeding Douglas Squirrels, North Cascades National Park
Income of Adult Children Compared With That of Their Parents Income of Adult Children Compared With That of Their Parents
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Digestion Animation

For a complete list of videos, visit our video library