GDP is an important indicator because it is used as a measure of all of the following EXCEPT:
A) economic growth.
B) average living standards.
C) GDP fluctuations.
D) average income levels.
E) environmental quality.

Question

Quizplus · Accepted Answer

GDP is not used as a measure of environmental quality. It is primarily used as a measure of economic growth, fluctuations, and income levels. The connection between GDP and living standards is not always straightforward as it does not take into account the distribution of income and wealth within a country.

GDP Is an Important Indicator Because It Is Used as a Measure