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

Question 10

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.


A) Therefore GDP is not a useful measure of society's welfare
B) However, GDP is still a useful measure of society's welfare because these other attributes are the responsibility of government
C) However, GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that can be used to help produce these contributors to welfare
D) Therefore GDP is not a useful measure of society's welfare unless is it measured per person

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