Which of the following is not a problem associated with GDP as a measure of social welfare?
A)It excludes many nonmarket activities.
B)It values all types of output equally.
C)It excludes pollution damage.
D)It excludes intermediate goods as a separate entry.
E)It excludes the value of leisure time.

Question

Quizplus · Accepted Answer

Excluding intermediate goods as a separate entry is not a problem associated with GDP as a measure of social welfare.

Which of the Following Is Not a Problem Associated with GDP