Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities and desirable moral attributes of the population, are not measured as part of GDP.
A)Therefore GDP is not a useful measure of society's welfare
B)However, GDP is still a useful measure of society's welfare because these other attributes are the responsibility of government
C)However, GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that can be used to help produce these contributors to welfare
D)Therefore GDP is not a useful measure of society's welfare unless is it measured per person

Question

Quizplus · Accepted Answer

Although GDP does not directly measure valuable aspects of society such as good health and education, it can indirectly contribute to these measures by representing a nation's ability to purchase the inputs needed to create and sustain them. Therefore, GDP can still be seen as a measure of a society's welfare.

Many Things That Society Values, Such as Good Health, High-Quality