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8 August, 04:23

Gdp data can be criticized as being inaccurate measures of economic welfare because:

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  1. 8 August, 07:56
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    GDP data can be criticized as being inaccurate measures of economic welfare because:

    1. GDP data do not take into consideration all the changes in product quality.

    2. The data do not take into consideration the negative effects which economic activities have on the environment.

    3. The data do not take into account changes in the amount of leisure.
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