Answer:
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
B) The costs of overfishing and other overly intensive uses of resources.
C) The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
D) The leisure time enjoyed by Americans
Explanation:
GDP is a tool that is used to measure a nation's economic performance, However, it has limitations due to its exclusion of non-market transactions.
- The limitations identified can be summarized as:
- GDP does not incorporate any measures of welfare.
- GDP only includes market transactions.
- GDP does not describe income distribution.
- GDP does not describe what is being produced.
- GDP ignores externalities.
Utility is your answer. Quality could be your answer as well.
Though, by definition:
Utility - u<span>seful, profitable, or beneficial.</span>
The answer would be D. Think of his nice clothing and gold. This shows that this person has a lot of money, showing success.
Answer:
Vicarious learning
Explanation:
The learning that comes from the observation of the things are often refered to as vicarious or observational learning. The production manager here observes the processes and procedures involved in production and had learned these as well which is the obsevational learning of James.
