Respuesta :
This statement is false. The cost of hiring an outside company to clean up a chemical spill at a local factory would be reflected in GDP.
What is GDP?
Gross Domestic Product (GDP) is a measure of the market value of all final goods and services produced within a country in a given period of time, typically a year. It is used to measure the economic performance of a country and is a key indicator of the overall well-being of a nation.
This statement is false. The cost of hiring an outside company to clean up a chemical spill at a local factory would be reflected in GDP.
Gross Domestic Product (GDP) is a measure of the market value of all final goods and services produced within a country in a given period of time, typically a year. It is used to measure the economic performance of a country and is a key indicator of the overall well-being of a nation.
The cost of hiring an outside company to clean up a chemical spill at a local factory would be considered an expenditure on a final good or service, as it is a cost incurred by the factory to repair damage caused by the chemical spill. This expenditure would be included in GDP as part of the cost of producing the final goods or services at the factory.
In general, any expenditure on a final good or service that is produced within a country and is intended for consumption or investment within that country is included in GDP. This includes expenditures on goods and services such as cleaning, repair, and maintenance.
Hence, the statement that "the cost of hiring an outside company to clean up a chemical spill at a local factory will not be reflected in GDP" is false.
To learn more about gross domestic product from the given link:
https://brainly.com/question/13511171
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