Question 1GDP is a less than perfect measure of economic well-being. It may be f

Question 1GDP is a less than perfect measure of economic well-being. It may be faulted for each of these practices EXCEPT that it:A. does not take leisure time into account.B. involves multiple counting.C. does not take psychic costs into account.D. does not take psychic income into account.Question 2Net domestic product is equal to:A. gross national product.B. the inflation rate.C. national income (NI) plus corporate profits taxes.D. NI plus indirect business taxes.Question 3We do NOT count __________ as part of GOPA. price increasesB. transfer paymentsC. final goodsD. depreciationQuestion 4About seven out of ten dollars of our GDP is spent on:A. government purchases.B. net exports.C. investment spending.D. consumer goods.