The rate of economic growth is probably underestimated.

Question

Quizplus · Accepted Answer

There are several reasons why the rate of economic growth may be underestimated, such as the exclusion of certain sectors or activities from official measurements, the difficulty in accurately measuring the value of certain goods and services, and the failure to account for improvements in technology and quality of life. Additionally, some economists argue that traditional measures of economic growth, such as Gross Domestic Product (GDP), do not take into account important factors such as social and environmental sustainability.

The Rate of Economic Growth Is Probably Underestimated