Problems and Applications Q10 Goods and services that are not sold in markets, such as food produced and consumed at home, are generally not included in GDP. True or False: As a result, you would expect that GDP per person in India and the United States will differ by more than their actual comparative economic well-being.(A) True(B) False

True. Goods and services that are not sold in markets, such as food produced and consumed at home, are generally not included in GDP.

A. True. GDP per person in India and the United States will differ by more than their actual comparative economic well-being

Explanation: GDP is the sum of the market value of all final goods and services produced in an economy during an accounting year, measured in current prices. GDP is not the real representation of the country's output value because some of the goods and services that are produced and consumed within the households is not included in the GDP of a country.

It is common for less developed economies like India to produce and consume a lot more of their goods at home than in a marketplace, as a result, lower GDP. In the United States, most goods are sold in a marketplace, hence, they have higher GDP per capita figures. Therefore, on paper, the GDP of the two countries will lead to misleading comparison of their economic well being.

balanced lifestyle would be the type of lifestyle that fulfill all aspects of our life, including financial security, personal achievements, emotional balance, and intimate relationships with other people.

for me personally, the job that i would choose to achieve a balanced lifestyle is opening an online store.

online store can be managed from the comfort of our phone. if we are the owner of the store, we can determine our own working hours. we can arrange our working hours so we have time to do things such as taking care of children, cultivating romantic relationship, or do our hobby.

the answer is b hope you pass