*Which of the following statements is true?
A. GDP includes spending on recreation and travel, but it does not cover leisure time.
B. GDP does not include production that is exchanged in the market, but it does cover production that is not exchanged in the market.
C. GDP does not include newly produced goods and services, but counts the buying and selling of previously existing assets
D. GDP includes production that is not exchanged in the market
Answer:A
*Which of the following statements is true?
A. GDP includes spending on recreation and travel, but it does not cover leisure time. B. GDP does not include production that is exchanged in the market, but it does cover production that is not exchanged in the market. C. GDP does not include newly produced goods and services, but counts the buying and selling of previously existing assets D. GDP includes production that is not exchanged in the market
Explanation: Type: Multiple Choice