Search this course Homework(Ch 15) Back to Assignment Attempts Keep the Highest/2 6. 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 value produced by doing your own laundry Expenditures on federal highways The leisure time enjoyed by households The loss of enjoyment people incur when scenic land is converted to commercial use When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of wood from Brazil causes in US GDP Grade It Now Save & Continue