Many Things That Society Values, Such as Good Health, High-Quality

question 28

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) It has been measured for many years and changing this measure would create confusion.
• B) Providing these other attributes is the responsibility of government.
• C) It measures a nation's ability to produce the things that contribute to well-being.
• D) These other values cannot actually be measured.

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Definitions:

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One of Thorndike’s laws of learning, which states that the consequence, or effect, of a response will determine whether the tendency to respond in the same way in the future will be strengthened or weakened.

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