One Major Reason That GDP Is an Inaccurate Measure of the "Quality

question 86

Multiple Choice

One major reason that GDP is an inaccurate measure of the "quality of life" is that

• A)people frequently buy things they do not want.
• B)it does not include the value of leisure.
• C)it is statistically very inaccurate.
• D)it cannot be adjusted for changes in prices.
• E)it includes net exports.

---

Definitions:

Exaggerated Opinion

A belief or judgment that is significantly overstated or represented more strongly than is justified by the facts.

Abilities

The various cognitive, physical, or emotional capacities that individuals possess, which enable them to perform different tasks and activities.

Isolation

The state of being separated from others, either physically or emotionally, which can lead to feelings of loneliness.

Stage Of Adulthood

Different phases in the adult life span characterized by unique developmental tasks, challenges, and opportunities, such as young adulthood, middle age, and older adulthood.