Which of these is NOT a problem in using GDP to measure standards of living?
A) failure to include environmental impacts
B) failure to include the value of nonmarket work
C) failure to include exports and imports
D) failure to include the value of investments in human capital

Question

Quizplus · Accepted Answer

GDP already includes exports and imports, so their exclusion is not a problem in measuring standards of living. However, failure to include the value of nonmarket work, environmental impacts, and investments in human capital are all valid criticisms of using GDP as a standard of living measure.

Which of These Is NOT a Problem in Using GDP