Real GDP would be a better measure of economic well-being if it included the value of:
A) stocks and bonds purchases.
B) intermediate goods.
C) used goods.
D) leisure time.
E) Social Security payments.

Question

Quizplus · Accepted Answer

Real GDP is a measure of economic activity and does not take into account non-market activities such as leisure time. However, leisure time is important for overall well-being and should be considered in a more comprehensive measure of economic well-being.

Real GDP Would Be a Better Measure of Economic Well-Being