A cartoon in the text shows two people watching television.On the screen are the words "Economic growth indicators are up,led by car repairs,divorce costs,open-heart surgeries,and toxic waste cleanups." The cartoon illustrates the

Question

Quizplus · Accepted Answer

The cartoon is highlighting that while economic growth indicators may be up, the factors contributing to that growth (car repairs, divorce costs, open-heart surgeries, and toxic waste cleanups) are not necessarily improving overall social welfare. This demonstrates the difference between economic welfare (as measured by GDP or other growth indicators) and social welfare, which takes into consideration factors such as health, happiness, and inequality.

A Cartoon in the Text Shows Two People Watching Television