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:

Medium

A means or mode of communication or expression; can refer to materials used in art, types of publication, or channels of communication.

Overall Length

The total length or size of an object, item, or entity from one end to the other.

Level of Detail

The degree of specificity and granularity in a description, presentation, or instruction, affecting how comprehensively a subject is explained or understood.

Range of Information

The breadth or variety of data, facts, and figures that is available or provided on a particular subject.