Choose the statement that is incorrect. Group of answer choices The value of goods and services...
Choose the statement that is incorrect.
Group of answer choices
The value of goods and services produced to protect the environment are included in GDP, but damage to the environment is not.
The underground economy is difficult to describe but easy to measure.
The underground economy includes production that uses labor that is paid less than the minimum wage.
Our working time is valued as part of GDP, but our leisure time is not
Homework Answers
ANSWER:
The correct answer is option b that is The underground economy is difficult to describe but easy to measure. (as it is the opposite as underground economy is easy to describe and difficult to measure as black market doesn't pay any taxes and it is not recorded as everything is done in cash and so it can't be measured easily.)
part a , c and are true as a and d are included in defining what is used when measuring gdp while part c says that underground economy uses labor which pays less then the minimum wage as there are no government rules that follow in the underground economy.
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