Gross Domestic Product would be a more accurate indicator of economic well-being of society if

Question

Quizplus · Accepted Answer

Military expenditures contribute to GDP as government spending, but they do not necessarily reflect the economic well-being of society. Excluding military expenditures would provide a clearer picture of the economic activity that directly benefits individuals and businesses. The government's purchase of goods and services is already accounted for in GDP and is necessary for the functioning of society, so it cannot be excluded. Stock market transactions also reflect economic activity and should not be excluded from GDP.

Gross Domestic Product Would Be a More Accurate Indicator of Economic