An increase in the quality of goods produced would increase the well-being of people,but this will not be captured in real GDP figures.

Name: An increase in the quality of goods produced would increase the well-being of people,but this will not be captured in real GDP figures.
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Question

Quizplus · Accepted Answer

Real GDP only measures the quantity of goods and services produced, not their quality or their impact on well-being. Therefore, an increase in quality of goods produced will not be reflected in real GDP figures.

An Increase in the Quality of Goods Produced Would Increase