One major reason that GDP is an inaccurate measure of the "quality of life" is that
A) people frequently buy things they do not want.
B) it does not include the value of leisure.
C) it is statistically very inaccurate.
D) it cannot be adjusted for changes in prices.
E) it includes net exports.
Correct Answer:
Verified
Q100: Q101: Measures of GDP may understate the economic Q102: Which of the following is excluded from Q103: Consider Canada's GDP deflator and Consumer Price Q104: Consider the following statement: "An increase in Q106: Country X is highly ranked in terms Q107: One major reason that GDP is an Q108: Using GDP as a measure of the Q109: Researchers have been developing broad indexes of Q110: Why are illegal activities,unreported activities,and non-market activities![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents