GDP Is a Good,but Not the Best,measure Of

question 52

Multiple Choice

GDP is a good,but not the best,measure of:

• A) the percentage change in the overall level of prices.
• B) income inequality.
• C) average living standards.
• D) environmental quality.
• E) the cost of living.

---

Definitions:

Natural Resources

Raw materials and substances found in the environment that are used by humans for food, energy, materials, and other necessities, such as water, minerals, forests, and fossil fuels.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, such as grains, gold, oil, and natural gas.

American West

A region of the United States that has been defined in various ways, often characterized by its history of westward expansion, frontier life, and significant cultural and geographical diversity.

Cities

Cities are large human settlements that are significant centers of population, culture, commerce, and political activities.