Limitations of GDP as a Measure of Economic Welfare
Description: This quiz assesses your understanding of the limitations of GDP as a measure of economic welfare. | |
Number of Questions: 14 | |
Created by: Aliensbrain Bot | |
Tags: economics economic welfare gdp |
What does GDP stand for?
Which of the following is NOT a limitation of GDP as a measure of economic welfare?
GDP does not include which of the following in its calculation?
Which of the following is an example of a non-market activity that is not included in GDP?
GDP does not account for income distribution. What does this mean?
Which of the following is an example of a negative externality that is not included in GDP?
GDP is not adjusted for inflation. What does this mean?
Which of the following is an example of a positive externality that is not included in GDP?
GDP does not include which of the following in its calculation?
Which of the following is an example of a non-market activity that is not included in GDP?
GDP does not account for income distribution. What does this mean?
Which of the following is an example of a negative externality that is not included in GDP?
GDP is not adjusted for inflation. What does this mean?
Which of the following is an example of a positive externality that is not included in GDP?