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:

Secondary Xylem

The part of a plant that transports water and nutrients from the roots to the leaves and provides structural support, formed after the primary xylem during growth.

Vascular Cambium

A layer of tissue in plants that generates new phloem and xylem cells, contributing to the stem's radial growth.

Pith

The innermost tissue in the stems and roots of many herbaceous plants; primarily a storage tissue.

Vascular Cambium

A layer of meristematic tissue in plants that produces vascular tissues, contributing to the thickness growth of stems and roots.