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QUESTION 3 An important point to understand about using GDP as a measure of a nation's...

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

Homework Answers

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

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