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One Problem with Using Real Gross Domestic Product as a Measure

Question 113

Multiple Choice

One problem with using Real Gross Domestic Product as a measure of social welfare is that


A) it fails to count home production.
B) it fails to count services, a growing part of the economy.
C) it double, triple, and sometimes quadruple counts goods that are produced in stages.
D) it fails to account for imports, a growing part of the economy.

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