Author Question: The Bureau of Economic Analysis excludes from its calculation of GDP most of the goods produced that ... (Read 45 times)

fahad · **on:** Jun 29, 2018

The Bureau of Economic Analysis excludes from its calculation of GDP most of the goods produced that are not sold in markets because

A) their production has no real costs.
B) their value is implicitly included in the prices of marketed goods.
C) there is no satisfactory way to measure their value.
D) they do not contribute to national welfare.
E) this would be inappropriate for an exchange economy.

Question 2

GDP divided by the population gives us

A) the price level.
B) the GDP deflator.
C) per capita GDP.
D) real GDP.
E) none of the above.