Solution Found!

GDP is an imperfect measure of well-being because it a. includes physical goods produced but not intangible services. b. excludes goods and services provided by the government. c. ignores the environmental degradation from economic activity. d. is not correlated with other measures of the quality of life.

Chapter 23, Problem 12

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

GDP is an imperfect measure of well-being because it

a. includes physical goods produced but not intangible services.

b. excludes goods and services provided by the government.

c. ignores the environmental degradation from economic activity.

d. is not correlated with other measures of the quality of life.

Questions & Answers

QUESTION:

GDP is an imperfect measure of well-being because it

a. includes physical goods produced but not intangible services.

b. excludes goods and services provided by the government.

c. ignores the environmental degradation from economic activity.

d. is not correlated with other measures of the quality of life.

ANSWER:

Step 1 of 2

Gross domestic product: The gross domestic product shows the total monetary value of the goods and services produced by a nation within the boundary in a given period.

Add to cart


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back