One reason that real GDP tends to overstate the economic well- being of the country's residents is that it ignores

Question

Quizplus · Accepted Answer

Real GDP only measures the value of goods and services produced in the economy, and does not account for any negative externalities such as pollution or other environmental damages. Therefore, the economic well-being of a country's residents may be lower than what real GDP suggests.

One Reason That Real GDP Tends to Overstate the Economic