Which of the Following Is Not a Problem or Shortcoming

question 188

Multiple Choice

Which of the following is not a problem or shortcoming of GDP?

• A)Goods produced in one period that are sold in the following period fail to get counted in any period.
• B)It tends to understate the growth of economic welfare because it does not fully and accurately account for improvements in the quality of products.
• C)GDP is not an accurate measure of welfare because it makes no adjustment for harmful side effects (such as pollution)or destructive acts of nature.
• D)GDP understates output because it fails to include nonmarket production such as that which takes place in the household or in illegal markets.

---

Definitions:

Meaning

The importance, meaning, or interpretation of something.

CKD

Chronic Kidney Disease, a long-term medical condition where the kidneys gradually lose their functionality over time.

Meaning

The significance, definition, or explanation of a word, phrase, or concept.

-tripsy

A suffix used in medical terms to denote the surgical crushing of a stone or calculus.