Question

If market tuition rates for college courses were used as implicit dollar valuations of "free" Internet courses for inclusion in GDP, what assumption would be adopted in comparing the "free" courses with the tuition-based courses? (Hint: Are online college courses always of equal quality compared with regular college courses?)

Short answer

In light of the presumption that internet-based free courses are of a similar quality as customary school courses, courses can be utilized for the implied valuation of "Free on the web" courses.

Step-by-step solution

introduction

Gross Domestic Product alludes to the market worth of every last great and administration delivered inside the homegrown domain of a country. That is the last market worth of labour and products created by elements of creation situated inside a country's domain.

explanation

A developing number of web exercises are rejected from GDP since they don't include instalment of express costs on the lookout. For example, the free web-based courses presented by colleges to their understudies for supporting their grades are not included in GDP. Notwithstanding, market educational expenses for normal school courses can be utilized for a certain valuation of "Free on the web" courses, in light of the presumption that internet-based free courses are of a similar quality as ordinary school courses.