Ask Question
24 November, 13:32

Which of the following is not a shortcoming of GDP as a measure of well-being? A. GDP is not adjusted for crime and other social problems. B. GDP does not include the value of leisure. C. GDP is not adjusted for the effects of pollution caused by the production of goods and services. D. GDP only counts final goods and services and not intermediate good

+5
Answers (1)
  1. 24 November, 14:59
    0
    D.

    Explanation:

    GDP (Gross domestic product), is a measure of a country's economic output that accounts for its number of people.

    GDP is the value of the final goods and services produced.

    A final good is an item bought by its final user during a specified time period. A final good contrast with an intermediate good, which is an item that is produced by one firm, bought by another firm, and used as a component of a final good or service.

    Excluding intermediate goods and services avoids double counting.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is not a shortcoming of GDP as a measure of well-being? A. GDP is not adjusted for crime and other social problems. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers