As a measure of economic welfare, gross domestic product underestimates a country's production of goods and services when there is an increase in Your answer: the production of military goods the production of antipollution devices crime prevention services household production legal service

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08-02-2020
Business

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As a measure of economic welfare, gross domestic product underestimates a country's production of goods and services when there is an increase in Your answer: the production of military goods the production of antipollution devices crime prevention services household production legal service

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osondumartins osondumartins · Answer 1 · 2020-02-08T10:57:35+01:00

Answer:

Household Production

Explanation: GDP(Gross Domestic product) is a Macroeconomic concept used to estimate or determine the monetary value of all the goods and services rendered within an Economy in a given period. Gross Domestic product usually underestimates the value of the services or household productive activities such as BABY SITTING etc which are parts of economic welfare activities taking place within an Economy as it is not effectively and adequately captured or considered in its calculations.