Gross Domestic Product (GDP)is a Poor Measure of Social Well-Being

Multiple Choice

Gross domestic product (GDP) is a poor measure of social well-being because:

A) the value of leisure time is included in GDP accounting.
B) the revenue earned through exports is ignored.
C) each dollar of government spending is valued at less than one-half of private spending.
D) consumer spending is more important than business spending and should be considered more valuable.
E) it values products at their market prices but ignores services produced.