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[solution]: 4. "Homemakers often feel their work is taken for granted, and


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4. "Homemakers often feel their work is taken for granted, and advocates in the women's movement argue that the statistical invisibility of homemakers' work has substantive policy implications." What is meant by "statistical invisibility" here?

a) homemakers' output is not counted in GDP

b) homemakers' output is double-counted in GDP

c) homemakers' output is added into GDP at an artificially-low price

d) homemakers' output is only counted into GDP if there exists a market counterpart

5. "Experts keen on the concept of Green GDP have offered a variety of suggestions to make economic statistics more environmentally friendly."

An example of such a suggestion is

a) add the cost of cleaning up after an oil spill

b) ignore the cost of cleaning up after an oil spill

c) subtract the cost of cleaning up after an oil spill

d) add output produced in private vegetable gardens

6. "He claimed that a better measure of Turkish national income could be obtained by including money sent back to their families by Turks living and working in Germany, something that is currently ignored in the national accounts." This income is

a) included in Turkish GDP b) included in Turkish GNP

c) included in both Turkish GDP and GNP

d) completely ignored in the Turkish accounts

 


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