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National Income Aggregates & GDP · Question 63 of 69

Question 63

EasyOriginal question

Which of these is a non-monetary exchange that GDP misses?

A family pays a plumber in cashCorrect answerYour answerA carpenter repairs a farmer's cart in return for a sack of riceCorrect answerYour answerA firm pays wages by bank transferCorrect answerYour answerA student pays coaching fees onlineCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Goods swapped for services without money are not recorded, though both sides gain.

Concept: Barter and GDP
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsGDP and welfare

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Ten questions from National Income Aggregates & GDP, at your own pace.

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Ten questions from National Income Aggregates & GDP, at your own pace.

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