Why Is GDP a Poor Measure of Social Well-Being

question 4

Multiple Choice

Why is GDP a poor measure of social well-being?  

• A) because revenue earned on Canadian exports is ignored 
• B) because each dollar of government spending is valued at less than one-half of private spending 
• C) because the value of leisure time is NOT counted in GDP 
• D) because consumer spending is more important than business spending and should be considered more valuable

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Definitions:

Relationship With Boss

The dynamic, interactions, and feelings between an employee and their direct supervisor or manager in the workplace.

Employee Empowerment

A management practice of sharing power and authority with employees, enabling them to take initiative and make decisions in their roles.

Strategic Contingency

An approach that emphasizes the importance of fitting an organization's strategies to its external environment, adapting to and preparing for unforeseen events.

Dominant Interest Groups

influential groups that have significant power or influence in shaping public policy, opinion, or decision-making processes.