Which of the Following Is a Shortcoming(s) of GDP as a Measure

question 121

Multiple Choice

Which of the following is a shortcoming(s) of GDP as a measure of total output?

• A)GDP does not include unpaid work.
• B)GDP does not include activities in the underground economy.
• C)GDP does not capture the full value of improvements in product quality.
• D)All the answer choices are correct.

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Definitions:

Lost Work

Creative or scholarly work known to have been created but is no longer extant or cannot be found.

Volenti Non Fit Injuria

A legal defense stating that individuals who willingly put themselves in a situation of risk cannot seek compensation for resulting harm.

Icy Sidewalk

A walkway made slippery by a coating of ice, presenting a hazard to pedestrians.

Legal Action

The process of taking formal steps through the court system to enforce or defend a legal right.