Critics of the National Income and Product Accounts (NIPA) argue that the accounts are outdated and fail to account for "intangibles" in our new knowledge-based economy. For example, many firms create copyrighted materials (movies, books, etc.) that, when completed, are much more valuable than just the value of the market place inputs that went into their production. What might be some of the problems associated with trying to include these intangibles in the NIPA?
A) The problem is actually minimal; the NIPA does not take the necessary steps to do the right thing.
B) The NIPA finds it difficult to place a value on something that is intangible.
C) The NIPA believes it is too easy for thieves to retrieve the information due to hackers.
D) The real problem is the timing of when to include such projects in the NIPA.

The expenditures and receipts below are related to land, land improvements, and buildings acquired for use in a business enterprise. the receipts are enclosed in parentheses. money borrowed to pay building contractor (signed a note) $(276,500 ) (b) payment for construction from note proceeds 276,500 (c) cost of land fill and clearing 11,220 (d) delinquent real estate taxes on property assumed by purchaser 8,340 (e) premium on 6-month insurance policy during construction 12,060 (f) refund of 1-month insurance premium because construction completed early (2,010 ) (g) architect’s fee on building 27,040 (h) cost of real estate purchased as a plant site (land $206,800 and building $55,900) 262,700 (i) commission fee paid to real estate agency 9,620 (j) installation of fences around property 4,030 (k) cost of razing and removing building 10,130 (l) proceeds from salvage of demolished building (4,910 ) (m) interest paid during construction on money borrowed for construction 13,700 (n) cost of parking lots and driveways 17,690 (o) cost of trees and shrubbery planted (permanent in nature) 14,080 (p) excavation costs for new building 2,950 identify each item by letter and list the items in columnar form.