Is GDP an accurate measure of a country's well being?
A)Yes, it is the best measure of national well being.
B)Yes, provided we use real GDP and not nominal GDP.
C)The answer is uncertain, depending on whether GDP is rising or falling.
D)No, it is not.

Question

Quizplus · Accepted Answer

GDP only measures the total economic output of a country, and does not take into account other factors that contribute to overall well-being, such as income inequality, environmental sustainability, and social welfare. Therefore, it is not an accurate measure of a country's well-being.

Is GDP an Accurate Measure of a Country's Well Being