Economists often examine GNP to estimate changes in the well being of people.If one only studied GNP,which of the following would lead to one to underestimate the true increases in peoples' well being?

Question

Quizplus · Accepted Answer

Increasing amounts of production in the home, such as cooking, cleaning, and child-rearing, are typically not included in GNP calculations. However, these activities contribute to the well-being of people and their families. Therefore, only studying GNP would underestimate the true increases in people's well-being. Increasing average hours of work, decreasing life expectancy, and increasing levels of pollution would all have negative impacts on people's well-being and would be reflected in GNP.

Economists Often Examine GNP to Estimate Changes in the Well