GDP is not a perfect measure of economic welfare because it ignores:
A) production of goods and services by the government.
B) goods produced in Australia but shipped overseas.
C) environmental degradation.
D) consumer spending on new goods and services.
Correct Answer:
Verified
Q72: Which of the following transactions is not
Q73: GDP is not a perfect measure of
Q74: Which of the following increases GDP?
A) More
Q75: Which of the following would not be
Q76: Which of the following is a shortcoming
Q78: Because GDP does not account for improvements
Q79: Which of the following is a shortcoming
Q80: Because of transactions which take place in
Q81: Net national product is the total net
Q82: Nominal GDP is based on:
A) the existing
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