Which of the following is a main limitation of GDP?
A) GDP figures are grossly inaccurate due to sampling errors.
B) The real definition of what is and is not included in GDP is unclear.
C) GDP is not a good measure of a nation's overall welfare.
D) GDP includes some products, which by their very nature are bad products, such as military weapons.
Correct Answer:
Verified
Q128: A family sells the house they have
Q129: GDP does NOT measure the well-being of
Q130: Which of the following is counted in
Q131: Which of the following items is included
Q132: Gross domestic product is a measure of
A)
Q134: GDP is a measure of all of
Q135: Which of the following is included in
Q136: Which of the following is included in
Q137: GDP is a measure of
A) production.
B) innovation.
C)
Q138: When considering GDP as a measure of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents