Increases in real GDP would overstate the increase in the well-being of a country over time if,over that time period,the
A)average hours worked per week increased.
B)amount of pollution decreased.
C)price level increased.
D)crime rate decreased.

Question

Quizplus · Accepted Answer

Increases in real GDP would overstate the increase in the well-being of a country if the average hours worked per week increased. This is because while GDP might rise due to more work being done, the additional working hours could lead to a decrease in leisure time and potentially increase stress, not necessarily reflecting an actual improvement in the overall well-being of the population.

Increases in Real GDP Would Overstate the Increase in the Well-Being