6. Limitations of GDP
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.
Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.
The loss of enjoyment people incur when scenic land is converted to commercial use
The value of house cleaning services, when the house cleaner is paid in cash and the transaction isn't reported to the government
State government paychecks to teachers
The leisure time enjoyed by households
When a U.S. company purchases and imports electronic parts from Taiwan to use to produce laptops within the United States, this purchase increases the $\boxed{}$ component of GDP while also $\boxed{}$ net exports by the same amount. Therefore, the purchase of electronic parts from Taiwan causes $\boxed{}$ in US GDP.
