Why are economists so often skeptical of replacing GDP as a measure of well-being?
A) Economists see little wrong, other than measurement errors, in the way GDP is computed.
B) The alternatives involve value judgments about social goals that some or many economists find controversial.
C) Economists think that the alternatives cannot take changes in price level into account in an acceptable manner.
D) Economists believe that only market activity can be and should be measured.
Correct Answer:
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