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kipiarov [429]
2 years ago
10

Using real GDP to compare the level of economic well-being in two countries may be misleading because the value of ______ contri

butes to economic well-being, but is excluded from real GDP.
a. capital goods
b. services
c. leisure
d. formal education
Business
1 answer:
julsineya [31]2 years ago
7 0

Answer:

The correct answer is letter "C": leisure.

Explanation:

In Business, leisure can be defined as the time people spend when they are not working or engaged in economic activities. With no doubt, the time people spend off work determines how they can perceive their well-being. Though, as the Gross Domestic Product (<em>GDP</em>) of a country is considered to measure people's well being but as the GDP does not include leisure, the GDP source might not be the most accurate for that purpose.

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Equipment            40,000

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b) An asset is something that brings in future cash flows to the business entity.  It is made up of Cash and Cash Equivalents, Inventories, Property, Plant, Equipment, and other business investments.  Assets are funded from finance provided by creditors and the equity owners, and they generate economic values.

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