GDP Is Not a Perfect Measure of Economic Welfare Because

question 47

Multiple Choice

GDP is not a perfect measure of economic welfare because it:

• A) double-counts overall spending.
• B) treats a dollar spent on exports the same as a dollar spent on imports.
• C) double-counts the value of leisure time.
• D) treats a non-market transaction as if it did not exist.

---

Definitions:

Acutely Short

A term usually not used in medical or general contexts to describe conditions or statuses; likely a non-standard term or incorrectly applied. NO.

High-Fowler's Position

A semi-upright sitting position where the head of the bed is elevated to 60-90 degrees, which can aid in breathing and relief of certain medical conditions.

Prone Position

A body position where the individual is lying face down.

Footdrop

A condition characterized by difficulty in lifting the front part of the foot, which can cause the foot to drag while walking, often resulting from nerve damage or muscle disorders.