{"id":121560,"date":"2022-05-18T12:23:25","date_gmt":"2022-05-18T06:53:25","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=121560"},"modified":"2022-05-18T12:23:25","modified_gmt":"2022-05-18T06:53:25","slug":"explain-how-non-monetary-exchanges-impact-the-use-of-gross-domestic-product-as-an-index-of-economic-welfare","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/education\/explain-how-non-monetary-exchanges-impact-the-use-of-gross-domestic-product-as-an-index-of-economic-welfare","title":{"rendered":"Explain how \u2018Non-Monetary Exchanges\u2019 impact the use of Gross Domestic Product as an index of economic welfare."},"content":{"rendered":"<h2>Explain how \u2018Non-Monetary Exchanges\u2019 impact the use of Gross Domestic Product as an index of economic welfare.<\/h2>\n<h3>Answer.<br \/>\nNon-monetary exchange transactions are not included in the estimation of Gross Domestic Product on account of practical difficulties like non-availability of reliable data. Although these activities enhance public welfare which may lead to underestimation of GDP. For example: kitchen gardening, services of homemaker etc.<\/h3>\n<h2><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Explain how \u2018Non-Monetary Exchanges\u2019 impact the use of Gross Domestic Product as an index of economic welfare. Answer. Non-monetary exchange transactions are not included in the estimation of Gross Domestic Product on account of practical difficulties like non-availability of reliable data. Although these activities enhance public welfare which may lead to underestimation of GDP. For [&hellip;]<\/p>\n","protected":false},"author":21830,"featured_media":121526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-121560","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-education"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=121560"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121560\/revisions"}],"predecessor-version":[{"id":121561,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121560\/revisions\/121561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/121526"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=121560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=121560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=121560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}