Solved

Many Things That Society Values, Such as Good Health, High-Quality

Question 28

Multiple Choice

Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are NOT measured as part of GDP. According to most economists, why is GDP a useful measure of society's well-being?


A) It has been measured for many years and changing this measure would create confusion.
B) Providing these other attributes is the responsibility of government.
C) It measures a nation's ability to produce the things that contribute to well-being.
D) These other values cannot actually be measured.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions