Multiple Choice
GDP is commonly used to measure economic activity, but it has important limitations. GDP does not account for which of the following?
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10. Measuring National Output and Income
Shortcomings of GDP
Back10. Measuring National Output and Income
Shortcomings of GDP
- Multiple ChoiceWhich of the following is a shortcoming of GDP as a measure of economic well-being?79views
- Multiple ChoiceWhich of the following is NOT included in a country’s GDP?8views
- Multiple ChoiceGDP is not a perfect way to measure economic activity because:78views
- Multiple ChoiceWhich of the following is a well-known shortcoming of GDP as a measure of economic well-being?5views
- Multiple ChoiceWhich of the following is NOT included in Gross Domestic Product (GDP) as it is commonly measured?7views
- Multiple ChoiceGDP is not a perfect measure of well-being because it:6views
- Multiple ChoiceWhich of the following is a reason why GDP might be understated as a measure of economic activity?75views
- Multiple ChoiceWhich of the following is NOT counted as a part of GDP?84views
- Multiple ChoiceReal GDP per capita is not an adequate measure of which of the following?7views
- Multiple ChoiceIn macroeconomics, which of the following is something that GDP per capita does NOT show?7views