In the past 100 years,there has been a decline in the use of unpaid child labor on family farms.Therefore:
A) changes in GDP overstate the true increase in production over the past 100 years.
B) changes in GDP understate the true increase in production over the past 100 years.
C) there has been no change in GDP over the past 100 years.
D) there has been no change in production over the past 100 years.

Question

Quizplus · Accepted Answer

GDP measures the value of goods and services produced in an economy. If unpaid child labor is no longer being used on family farms, then the value of production has increased, but GDP will not reflect this increase because the labor is unpaid.

In the Past 100 Years,there Has Been a Decline in the Use