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Business, 30.10.2020 16:50 vetterk1400

Several European countries spend less time working and more time on leisure activities than the United States. How is this greater leisure time accounted for in gross domestic product measurements? Choose one: A. Leisure time doesn’t factor into a country’s GDP. B. A value for leisure time is added to a country’s GDP by using a market wage that is a weighted average of the own-country’s average hourly wage rate and the rest of the world’s hourly wage rate. C. Leisure time is added to GDP by using the average market wage for labor in that country.

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