All these are exampleof bases in using GDP or GNP to measure economic well-being except...
All these are exampleof bases in using GDP or GNP to measure economic well-being except
- A) population growth
- B) price changes
- C) non-market activities
- D) market activities
Correct Answer: D) market activities
Explanation
This Economics question is asking about the different factors that can affect the use of GDP or GNP to measure economic well-being. GDP or GNP are commonly used to measure the economic growth of a country. However, there are certain factors that can affect the accuracy of these measurements.
The question is asking to identify the factor that is not an example of a base that can affect the use of GDP or GNP to measure economic well-being. The options given are population growth, price changes, non-market activities, and market activities.
The correct answer is option D, market activities. Market activities are the economic activities that take place in the market and are covered in the calculation of GDP or GNP. Non-market activities, such as household work or volunteer work, are not included in the calculation of GDP or GNP. However, population growth and price changes can affect the calculation of GDP or GNP and can affect the measurement of economic well-being.
To summarize, the answer to this question is option D, market activities, which is not an example of a base in using GDP or GNP to measure economic well-being. For more information, please see the recommended textbooks.