GDP fails to measure changes in
A)the prices of products caused by inflation
B)the market value of goods and services since it uses market prices for valuation
C)the quality of existing products that do not cause a change in price
D)leisure time,since it is valued at the minimum wage and not the true opportunity cost of lost wages
E)the production of services that are produced in the economy

Question

Quizplus · Accepted Answer

GDP does not account for changes in the quality of existing products if these changes do not affect the price, as it primarily measures the market value of goods and services based on current prices.

GDP Fails to Measure Changes in