GDP underestimates our economic well-being:

Question

Quizplus · Accepted Answer

GDP calculation only takes into account the monetary value of goods and services produced, it does not include the value of leisure time. Therefore, it can underestimate our economic well-being as people may have higher incomes but have less leisure time, leading to a lower overall satisfaction with their lives. The other options listed may add to GDP, but they do not necessarily affect our economic well-being in the same way that leisure does.

GDP Underestimates Our Economic Well-Being