GDP is not a perfect measure of well-being; for example, Question 19 options: A. GDP incorporates a large number of non-market goods and services that are of little value to society. B. GDP places too much emphasis on the value of leisure.

Question

Social Studies

Bonnie

11 September, 23:52

GDP is not a perfect measure of well-being; for example, Question 19 options: A. GDP incorporates a large number of non-market goods and services that are of little value to society. B. GDP places too much emphasis on the value of leisure.

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Answers (1)

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Arielle Nielsen · Answer 1

GDP isn't a good measure of economic well being because factors such as leisure, intelligence etc aren't addressed

Explanation:

The Gross Domestic Product (GDP) measures the nation's total income and expenditure on the goods and services in a country. The gross domestic product is not a good measure of well being because the health, quality of their education, wisdom, integrity, intelligence, courage, leisure or devotion to one's country, In short, Gross Domestic Product (GDP) does not measure things that make life worthwhile.