Limitations of GDP
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.
Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.
The costs of air and water pollution
Federal highway payments
The value produced by doing your own laundry
The leisure time they have
The parts of a car manufactured in the United States that are produced in Canada