How would increased efforts to count good and service affect


Problem

1. Many goods and services are illegally sold or legally sold but not reported to the government. How would increased efforts to count those goods and services affect the calculation of GDP?

2. Leisure time is not included in GDP, but what would happen if it were included? Would high-work countries like South Korea fare better or worse in international comparisons of well-being?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How would increased efforts to count good and service affect
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