GDP Differs from GPI in That

question 68

Multiple Choice

GDP differs from GPI in that

• A)GDP is a subjective measure; GPI is objective.
• B)GPI accounts for the costs of both basic human needs and environment harm; GDP does not.
• C)GDP accounts for social costs; GPI focuses on economic output only.
• D)GDP incorporates external costs; GPI does not.
• E)GDP includes transactions in which money does not change hands, such as volunteer work; GPI does not.