The "statistical discrepancy" that the NIPA includes in the data is to account for the following, except
A)equalizing GDP totals produced by the expenditures approach and the income approach.
B)errors due to people misrepresenting their incomes on their tax returns.
C)difficulty in accurately estimating depreciation.
D)household production, or "do-it-yourself" activities of households.

Question

Quizplus · Accepted Answer

The statistical discrepancy in the National Income and Product Accounts (NIPA) is used to reconcile differences between GDP calculated by the expenditure approach and the income approach, and to account for errors and omissions in data reporting, but it does not account for household production or "do-it-yourself" activities.

The "Statistical Discrepancy" That the NIPA Includes in the Data