Gross domestic product (GDP) is a correct measure of both economic 'goods' and 'bads'.

Name: Gross domestic product (GDP) is a correct measure of both economic 'goods' and 'bads'.
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Question

Quizplus · Accepted Answer

GDP measures the total value of all goods and services produced over a specific time period within a country's borders, but it does not distinguish between economic activities that are beneficial (goods) and those that are harmful (bads) to society or the environment.

Gross Domestic Product (GDP) Is a Correct Measure of Both