One shortcoming of real GDP as an indicator of society's social well-being is that it fails to take into account the:
A)growth in productivity.
B)increase in the quantity of goods.
C)non-market production.
D)change in the price level.

Question

Quizplus · Accepted Answer

Real GDP does not measure things that are not traded in conventional markets, such as mowing your own lawn or cooking your own dinner.

One Shortcoming of Real GDP as an Indicator of Society's