Answer:
The costs of air and water pollution
The value produced by doing your own laundry
The leisure time enjoyed by households
Business spending
decreasing
no change
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. pollution
The purchase of the wood from Brazil increase investment spending by businesses and also increases imports. Import is a negative function of net export so net export would decrease.
The increase in investment spending by the business and the decrease in net export would offset each other and there would be no change in GDP
