Question

GDP excludes most items that are produced and sold illegally and most items that are produced and consumed at home becausea. the quality of these items is not high enough to contribute value to GDP.b. measuring them is so difficult.c. the government wants to discourage the production and consumption of these items.d. these items are not reported on income tax

Answer 1

Answer:

.b. measuring them is so difficult.

Explanation:

GDP is the sum of all final goods and services produced in an economy over a given period of time. In calculating GDP, only goods and services that are legally traded within the legal and fiscal spectrum of states and nations are taken into account. Pirate and informal products are not accounted for because they are traded illegally, which makes measurement them difficult.