Question

QUESTION 3

1. An important point to understand about using GDP as a measure of a nation's well-being is that there are limitations with this measure. From the list below, select each example that illustrates the limitation of "Value of Leisure Activities."

   		Unreported lawn care business
   		Up-to-date Cell phones
   		Babysitting for neighbors
   		Washing your own car
   		Growing your own food
   		Listening to music
   		Updated MRI (imaging) machines
   		Water Pollution
   		DVD players
   		Smog
   		Relaxing in hammock
   		Car Exhaust Emissions
   		Sales of illegal drugs
   		Vacation trip
   		Taking care of your own kids

QUESTION 4

1. An important point to understand about using GDP as a measure of a nation's well-being is that there are limitations with this measure. From the list below, select each example that illustrates the limitation of "Harmful Side Effects."

   		Unreported lawn care business
   		Up-to-date Cell phones
   		Babysitting for neighbors
   		Washing your own car
   		Growing your own food
   		Listening to music
   		Updated MRI (imaging) machines
   		Water Pollution
   		DVD players
   		Smog
   		Relaxing in hammock
   		Car Exhaust Emissions
   		Sales of illegal drugs
   		Vacation trip
   		Taking care of your own kids

Answer 1

3) Any activity which we do other things rather than economic activity is called leisure activity

From the table these are the above leisure activity

Baby sitting for neighbours

Washing my own car

Listening to Music

Relaxing in Hammock

Vacation trip

Taking care of your own kids

4) Any activity which have harmful effects on people are dangerous to society

From table these are the activities which have harmful side effects

Water pollution

Smog

Car exhaust emissions

Sale of illegal drugs