All of the following are examples of how GDP underestimates a nation's production of goods and services except pollution costs. vacation travel. household production. stock purchases. student aid payments.

Student aid payments.

Explanation:

Gross Domestic Products (GDP) can be defined as the aggregate market value of the goods and services produced in a specific period of time in a particular country. The rate of growth by Gross Domestic Products (GDP) of a country is an important indicator that shows or represent its economic performance in a specific period of time, usually a year.

Additionally, the Gross Domestic Products (GDP) of a particular country can be calculated by using production levels, income and expenditures.

Also, all revenue associated with foreign trades such as export are included as Gross Domestic Products (GDP) except for imports.

The following are examples of how Gross Domestic Products (GDP) underestimates a nation's production of goods and services, pollution costs, vacation travel, household production, and stock purchases.

Student aid payments has no effect on the GDP of an economy as it isn't adding any value to the economy of a country.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; offer in store wine and beer samples;