Related to the Economics in Practice on p. 437: Actions that impact the state of the environment, like pollution, are considered ________ activities in terms of the national income and product accounts.
A) market
B) nonmarket
C) underground economy
D) depreciable

Question

Quizplus · Accepted Answer

Nonmarket activities refer to those that do not involve a monetary transaction, such as unpaid work like caregiving or volunteering. Pollution and other environmental impacts are not typically bought or sold in a market, therefore they are considered nonmarket activities when measuring national income and product accounts.

Related to the Economics in Practice on P