Which of the Following Is NOT a Problem Associated with GDP

question 56

Multiple Choice

Which of the following is NOT a problem associated with GDP as a measure of social welfare?  

• A) Many nonmarket activities are excluded. 
• B) All types of output are equally valued. 
• C) Pollution damage is excluded. 
• D) Intermediate goods are excluded as a separate entry.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.