From your everyday observations list two unmeasured economic activities. Your examples don’t have to necessarily involve you directly. They can be simple observations of someone…

From your everyday observations list two unmeasured economic activities. Your examples don’t have to necessarily involve you directly. They can be simple observations of someone else’s behavior (corporations count too). After listing each example I want you to answer the following questions:

Why is this activity not reflected in the GDP numbers?Do you feel that this example represents a ‘significant’ amount of unreported output? You define what is considered to be ‘significant’ and why.

Sample Solution
In terms of Burberrys campaigns throughout the years, there are always two common factors; the classic check and a famous face. Celebrities such as Kendall Jenner, Cara Delevingne, Rihanna and Beyoncé are just some of the names that are associated with Burberry. Including well-known names and faces in campaigns will draw the right kind of attention to the brand because people like Kendall Jenner who have millions of followers and supporters will be and easily recognisable face and will attract her audience to the brand. Although these audiences may not be the typical clientele for Burberry shoppers as many of the supporters who follows these young women will be young women themselves who may not necessarily be able to afford to dress head to toe in Burberry, they would still aspire to be like these influencers or try and live the lavish lifestyle they have by wanting to own something from the brand whether that be the classic trench or the perfume. A lot of this strategy comes from people wanting to feel included and like they are on trend with these beautiful and successful young women. People will follow trends and use of products to fit in with society and feel accepted. Sheldon et al (2011) found that although social media platforms such as Facebook, Instagram and Twitter are there as a way of communicating “humans are designed to connect with others as well as to feel accepted by them. Facebook has been found to promote connections in two steps.” This feeling will drive people to use the platforms to avoid feeling alone and detached from society and will therefore use these platforms to build a sense of belonging for themselves>GET ANSWER Let’s block ads! (Why?)

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