Which of the following is a problem with using real gross domestic product (GDP) as a measure of economic well-being?
A) It does not account for inflation
B) It does not account for production within the household
C) It does not account for production by foreign firms producing inside the domestic economy
D) It does not account for changes in purchasing power parity.
E) It does not account for the value of services produced in the economy
Correct Answer:
Verified
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