Even When Measured Accurately, GDP May Be a Misleading Measure

Multiple Choice

Even when measured accurately, GDP may be a misleading measure of economic welfare because it cannot account for

A) the value of non-market production and the consequences of an unequal distribution of income.
B) the value of government spending and how efficiently we produce goods and services.
C) the cost of intermediate goods and services.
D) the consequences of an unequal distribution of income and the value of government spending.
E) how efficiently we produce goods and services and the value of non-market production.