Gross domestic product (GDP)is a good measure of social welfare since it includes the value of leisure time.

Name: Gross domestic product (GDP)is a good measure of social welfare since it includes the value of leisure time.
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Quizplus · Accepted Answer

GDP only measures the value of goods and services produced in an economy and does not take into account non-monetary factors such as leisure time, happiness, and environmental sustainability, which are also important indicators of social welfare.

Gross Domestic Product (GDP)is a Good Measure of Social Welfare