Gross domestic product (GDP) is a satisfactory measure of both economic "goods" and "bads".

Name: Gross domestic product (GDP) is a satisfactory measure of both economic "goods" and "bads".
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Question

Quizplus · Accepted Answer

GDP only measures the economic "goods" produced within a country and does not take into account the negative externalities or "bads" such as pollution or social costs. Therefore, it is not a satisfactory measure of both economic "goods" and "bads".

Gross Domestic Product (GDP) Is a Satisfactory Measure of Both