Many Things That Society Values, Such as Good Health, High-Quality

question 22

Multiple Choice

Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are NOT measured as part of GDP According to most economists, why is GDP a useful measure of society's well-being?

• A)GDP is not a useful measure of society's well-being because it does not measure many things that society values.
• B)GDP is a useful measure of society's well-being because providing these other attributes is the responsibility of government.
• C)GDP is a useful measure of society's well-being because it measures a nation's ability to produce the things that contribute to well-being.
• D)GDP is an excellent measure of society's well-being because these other values cannot actually be measured.

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