Multiple Choice
Which of the following is not a problem associated with GDP as a measure of social welfare?
A) It excludes many nonmarket activities.
B) It values all types of output equally.
C) It excludes pollution damage.
D) It excludes intermediate goods as a separate entry.
E) It excludes the value of leisure time.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: Which of the following would not be
Q63: Investment spending is a flow variable; inventories
Q64: Taxes are an injection into the circular
Q65: A problem inherent in using value added
Q66: Katrina pays $40 for a meal at
Q68: GDP figures tend to understate the quantity
Q69: Which of the following is an injection
Q70: GDP is not a perfect measure of
Q71: The main function of financial markets is
Q72: Given the following hypothetical data: C =