The GDP includes all of the following in its measures of economic growth except ______________.
A)the income from the sales of goods abroad
B)human well- being
C)medical costs
D)the costs of replacing outdated equipment used on farms and in industrial manufacturing

Question

Quizplus · Accepted Answer

The GDP is a measure of the total value of goods and services produced in an economy. It includes income from the sales of goods abroad (A), medical costs (C), and the costs of replacing outdated equipment (D), as they all contribute to economic activity. However, human well-being (B) is not included in the GDP as it is difficult to quantify and measure in monetary terms.

The GDP Includes All of the Following in Its Measures