Using real GDP to compare the level of economic well-being in two countries may be misleading because the value of ________ contributes to economic well-being, but is excluded from real GDP.
A)capital goods
B)services
C)leisure
D)formal education

Question

Quizplus · Accepted Answer

Since leisure time is not traded in conventional markets, it is not measured in GDP even though leisure time is very important.

Using Real GDP to Compare the Level of Economic Well-Being