One Major Reason That GDP Is an Inaccurate Measure of the True

question 95

Multiple Choice

One major reason that GDP is an inaccurate measure of the true level of economic activity is that

• A)people frequently buy things they do not want.
• B)it is statistically very inaccurate.
• C)it does not include non-market activities.
• D)it cannot be adjusted for changes in prices.
• E)it includes net exports.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and thoughtfulness in pursuing goals.

Traits

Enduring characteristics or qualities that define an individual's behavior and personality.

Allport

Refers to Gordon Allport, an American psychologist known for his trait theory of personality, emphasizing the uniqueness of the individual.

Cattell

Refers to Raymond Cattell, a psychologist known for his work in personality theory, including the development of the 16 Personality Factor (16PF) questionnaire.