Real GDP Is Not a Perfect Indicator of Economic Welfare

question 354

Multiple Choice

Real GDP is not a perfect indicator of economic welfare because

• A) it includes the underground economy.
• B) it includes a direct measure of health and life expectancy.
• C) it underestimates inflation.
• D) economic welfare depends on many factors not measured or not measured accurately by real GDP.

---

Definitions:

Increased Absenteeism

A noticeable rise in the frequency of absence from work or duties without valid reason.

After-hours Messages

Communications, often related to work, that are sent outside of regular working hours, challenging work-life boundaries.

Incessant Teasing

Continuous and relentless mocking or making fun of someone, which can become a form of bullying or harassment.

Demeaning Criticism

Negative feedback that is disrespectful and aimed at belittling or lowering someone's dignity.