Why Are Economists So Often Skeptical of Replacing GDP as a Measure

question 219

Multiple Choice

Why are economists so often skeptical of replacing GDP as a measure of well-being?

• A)Economists see little wrong, other than measurement errors, in the way GDP is computed.
• B)The alternatives involve value judgments about social goals that some or many economists find controversial.
• C)Economists think that the alternatives cannot take changes in price level into account in an acceptable manner.
• D)Economists believe that only market activity can be and should be measured.

---

Definitions:

Gender Typing

The process by which a child becomes aware of their gender and behaves according to their cultural norms and expectations.

Socialization

The process by which individuals learn and adopt the norms, values, customs, and behaviors appropriate to their society or social group.

Instrumental Aggression

Aggressive behavior aimed at achieving a specific goal or end, rather than out of anger or frustration.

Relational Aggression

A form of aggression focused on harming someone by damaging or manipulating relationships.