Growth in GDP Systematically Understates the Growth in National Well-Being

question 144

Multiple Choice

Growth in GDP systematically understates the growth in national well-being because

• A)ecological costs are netted out of GDP.
• B)"bads" as well as "goods" get included in GDP.
• C)investment is not included in GDP.
• D)as a country gets richer, leisure time increases.

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Definitions:

Mexico City

The densely populated capital of Mexico, known for its rich cultural heritage and significant environmental challenges.

Flood Plains

Flat areas next to rivers and streams that are prone to flooding, naturally fertile due to the deposition of river sediments.

Urban Sprawl

The spread of city buildings and houses into areas that were previously countryside, known for causing environmental and social issues.

Expansion Room

Space specifically designed or allocated to allow for growth or increase in capacity.