Using GDP as a Measure of the Economic Well-Being of a Country

question 81

Multiple Choice

Using GDP as a measure of the economic well-being of a country can be criticized for ignoring non-market and other activities.However,it remains useful because

• A)GDP is the best measure we have of the effects of economic "bads" on the well-being of the country.
• B)the change in GDP from one year to the next is a good indication of what rates of inflation and unemployment will be.
• C)it provides a good indication of household income distribution when measured from the income side.
• D)the change that is measured in GDP from one year to the next is a good indication of the change in economic activity.
• E)it is simply not possible to reform the current measure of GDP.

---

Definitions:

#GivingTuesday

A global day of charitable giving and generosity that occurs annually after Thanksgiving, encouraging people to contribute to various causes.

GlobalGiving

A non-profit organization that connects donors with grassroots projects around the world, fostering local development and philanthropy.

U.S. Population Trend

Refers to the patterns and changes in the demographic makeup of the United States, including growth rate, age distribution, and cultural diversity over time.

Engagement Touch Points

Various moments or channels through which an organization interacts with its audience to create a connection or engagement.