Real GDP Can Be Criticised as a Measure of Economic

question 51

Multiple Choice

Real GDP can be criticised as a measure of economic welfare because it

• A)does not include the leisure time available to a society.
• B)does not take account of the degradation of environmental quality.
• C)does not include the value of products produced in the household.
• D)All of the above answers are correct.

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Definitions:

Inherently Dangerous

Refers to activities or substances that, by their nature, pose a significant risk of harm.

Superseding Cause

A superseding cause is an unforeseeable event that interrupts the chain of causation, relieving a defendant from liability for harm caused after the event.

Causal Connection

The relationship between a cause and its effect, denoting how one event is directly responsible for the occurrence of another.

Breach of Duty

The failure to act or perform one's duties as required by law or contract, leading to legal implications.