In the Generation of GDP, Pollution Often Occurs

question 31

Multiple Choice

In the generation of GDP, pollution often occurs. So, we can infer that

• A) the value of nominal GDP will always be greater than the value of real GDP.
• B) the value of real GDP will always be greater than the value of nominal GDP.
• C) GDP is not always a good measure of economic or social welfare.
• D) the value of GDP is underestimated.

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Definitions:

International Business Activity

This term describes the trade, investments, and operations a company conducts across national borders.

Cell Phones

Portable electronic devices that enable users to make voice calls, send text messages, and access various multimedia and internet services.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

More Efficiently

implies improving productivity or performance using fewer resources or achieving better outcomes in a shorter time frame.