GDP Does Not Directly Measure Those Things That Make Life

question 185

True/False

GDP does not directly measure those things that make life worthwhile, but it does measure our ability to obtain many of the inputs into a worthwhile life.

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Definitions:

Postmodernism

An intellectual stance or mode of discourse defined by an attitude of skepticism toward what it describes as the grand narratives and ideologies of modernism, as well as opposing the notion of objective truth.

Eclectic Preferences

A diverse and broad range of tastes or interests, not limited to one style, perspective, or source, often involving appreciation for a variety of cultures, genres, or ideas.

Mainstream Lifestyle

A way of life or living that reflects the prevalent attitudes, values, and practices of the majority within a society.

Consumerism

The preoccupation with and an inclination toward the buying of consumer goods.