6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it...

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6. Limitations of GDP Although GDP is a reasonably good measure of a nations output, it does not necessarily include all tra

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Ans ) C ) GDP does not include air and water pollution

Explanation: GDP does not include pollution costs.

B) the value produced when you wash your own car at home will not account for calculating GDP.

Explanation: Washing our own car will not make our production counted as GDP.It will not count the value of cleaning your house or car.

D) the leisure time of employees

Explanation: Exchange of production in the market is counted as a part of GDP but leisure time,environmental cleanliness is not counted in calculating GDP

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6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it...

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Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.