Question

Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. The costs of air and water pollution The quality of goods available to consumers Federal government paychecks to soldiers The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the investment component of GDP while also increasing net exports by the same amount. Therefore, the purchase of wood from Brazil causesno overall change in US GDP.

Answer 1

Answer: The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

The variety of goods available to consumers

The cost of air and water pollution

Federal government paychecks to soldiers

Explanation:

The gross domestic product is the monetary measure with regards to the market value of the final goods and the services which are produced in an economy at a particular period of time.

The scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States include:

•The cost of air and water pollution

• The variety of goods available to consumers

• Federal government paychecks to soldiers

• The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.