GDP Is Not a Perfect Measure of Social Welfare and the Society's

question 233

Multiple Choice

GDP is not a perfect measure of social welfare and the society's economic well-being because

• A) it does not say anything about the distribution of income.
• B) GDP accounting rules do not adjust for production that causes negative externalities.
• C) it does not include all economic activities in the economy.
• D) all of the above

---

Definitions:

Fourth Level

In a structured set of tiers or stages, the fourth position or stage which could be of importance or hierarchy depending on the context.

Female Orgasmic Disorder

A sexual dysfunction characterized by difficulty reaching orgasm or significantly reduced intensity of orgasms in females.

Sexual Arousal

The physiological and psychological state of being stimulated or excited, specifically in a sexual manner.

Psychological Process

The mental activities involved in cognition, emotion, behavior, and interpersonal interactions.