If two countries are economically identical except that citizens in one country have more leisure time, then the level of GDP:
A)will be higher in the country with more leisure time.
B)will be higher in the country with less leisure time.
C)will be the same in both countries.
D)will be greater than the level of economic well-being in each country.

Question

Quizplus · Accepted Answer

Since leisure time is not traded in conventional markets, it is not measured in GDP even though leisure time is very important.

If Two Countries Are Economically Identical Except That Citizens in One