GDP Does Not Make Adjustments for Leisure Time, Environmental Quality

question 169

True/False

GDP does not make adjustments for leisure time, environmental quality, or volunteer work.

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Definitions:

Geographic Shifts

Changes in the spatial patterns of phenomena on Earth, including population distributions, industry locations, and climate zones.

Primary Sector

The part of the economy involved with the extraction and production of raw materials, such as farming, mining, and fishing.

Economy

A system of production, distribution, and consumption of goods and services within a certain geographical area or country.

Agriculture

The science, art, and business of cultivating soil, producing crops, and raising livestock.