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) GDP is not a useful measure of society's well-being because it does not measure many things that society values.
B) GDP is a useful measure of society's well-being because providing these other attributes is the responsibility of government.
C) GDP is a useful measure of society's well-being because it measures a nation's ability to produce the things that contribute to well-being.
D) GDP is an excellent measure of society's well-being because these other values cannot actually be measured.
Correct Answer:

Verified
Correct Answer:
Verified
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