A shortcoming of using real GDP as a measure of economic well-being is that it does NOT measure changes in:
A) production.
B) environmental quality.
C) prices.
D) unemployment.
E) interest rates.

Question

Quizplus · Accepted Answer

Real GDP only measures the total value of goods and services produced in an economy, and does not take into account factors such as environmental quality that may affect the well-being of individuals or society as a whole.

A Shortcoming of Using Real GDP as a Measure of Economic