Why is GDP an imperfect measurement of total production in the economy?
A. The official measure of GDP does not include intermediate goods and services.
B. The BEA does not include the value of new houses in GDP.
C. GDP measures total income paid to the factors of production, not production.
D. GDP does not include household production or production from the underground econom
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Home » Social Studies » Why is GDP an imperfect measurement of total production in the economy? A. The official measure of GDP does not include intermediate goods and services. B. The BEA does not include the value of new houses in GDP. C.