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Why Is GDP a Poor Measure of Social Well-Being

Question 4

Multiple Choice

Why is GDP a poor measure of social well-being?  


A)  because revenue earned on Canadian exports is ignored 
B)  because each dollar of government spending is valued at less than one-half of private spending 
C)  because the value of leisure time is NOT counted in GDP 
D)  because consumer spending is more important than business spending and should be considered more valuable

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