Which of the Following Is Not a Problem Associated with GDP

question 67

Multiple Choice

Which of the following is not a problem associated with GDP as a measure of social welfare?

• A)It excludes many nonmarket activities.
• B)It values all types of output equally.
• C)It excludes pollution damage.
• D)It excludes intermediate goods as a separate entry.
• E)It excludes the value of leisure time.

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Definitions:

High Negative Affectivity

A personality trait encompassing pervasive mood states of anxiety, depression, and hostility.

External Locus of Control

A belief that one's outcomes or events in life are determined by forces outside one’s control, such as luck or other people's actions.

Workaholics

Workaholics are individuals who compulsively work long hours, well beyond what is required, often to the detriment of personal relationships and health.

Repressed Anger

Anger that is suppressed and not consciously acknowledged, which can lead to psychological and emotional issues if not addressed.