A shortcoming of using real gross domestic product (GDP)as a measure of economic well-being is that it does not measure changes in
A) production.
B) environmental quality.
C) prices.
D) unemployment.
E) interest rates.

Question

Quizplus · Accepted Answer

Real GDP only measures the production of goods and services within an economy and does not take into account the impact on the environment, which can have long-term impacts on economic well-being.

A Shortcoming of Using Real Gross Domestic Product (GDP)as a Measure