Why is GDP NOT a perfect measure of material well-being?
A) because it ignores production of goods and services by the government
B) because it ignores goods produced in Canada but which are shipped overseas
C) because it ignores negative externalities
D) because it ignores consumer spending on services
Correct Answer:
Verified
Q105: Suppose nominal GDP increased by 4 percent
Q106: If real GDP increased by 3 percent,
Q107: What does it mean if the GDP
Q108: What does the economy's production possibilities depend
Q109: Which of the following is reflected in
Q111: What is nominal GDP measured in?
A) current-year
Q112: Why is GDP NOT a perfect measure
Q113: Which factor is used to accurately measure
Q114: Which of the following is a limitation
Q115: What is the price index in the
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