Question
Which of the following would not constitute an economic activity in Economics ?
Answer: Option A
Answer: (a)
Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure).
It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicators.
A teacher teaching his daughter at home is an example of a non-economic activity.
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Answer: (a)
Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure).
It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicators.
A teacher teaching his daughter at home is an example of a non-economic activity.
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