Which of the Following Is a Shortcoming of GDP

question 201

Multiple Choice

Which of the following is a shortcoming of GDP?

• A)GDP measures nonmarket transactions.
• B)GDP includes an estimate of illegal transactions.
• C)GDP includes an estimate of the value of household services.
• D)None of these are true.

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Definitions:

Rigid

In a medical context, it describes something that is stiff, inflexible, or not easily bent.

Sociocultural Changes

Shifts in societal values, norms, and practices resulting from interactions between social groups and cultural influences, impacting communities and individual behaviors.

Economic Changes

Alterations in the structure or performance of an economy, affecting factors like GDP, employment rates, and the availability of goods and services.

Addictions

Compulsive, repeated involvement with a substance or activity despite harmful consequences.