Which of the following is NOT a problem associated with GDP as a measure of social welfare?
A) Many nonmarket activities are excluded.
B) All types of output are equally valued.
C) Pollution damage is excluded.
D) Intermediate goods are excluded as a separate entry.
Correct Answer:
Verified
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Q85: Which of the following would increase GDP?
Q86: Which of the following is an injection
Q87: Depreciation is subtracted from GDP to get
Q89: Which of the following transactions is NOT
Q90: Why do GDP figures tend to understate
Q91: How does activity in the underground economy
Q92: What changes are captured by the gross
Q93: What does depreciation refer to?
A) a decrease
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