GDP is an imperfect measure of well-being because it a. includes physical goods produced but not intangible

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GDP is an imperfect measure of well-being because it

a. includes physical goods produced but not intangible services.

b. excludes goods and services provided by the government.

c. ignores the environmental degradation from economic activity.

d. is not correlated with other measures of the quality of life.

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 26, 2024 03:01 AM

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GDP is an imperfect measure of well-being because it a. includes physical goods produced but not intangible

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Essentials Of Economics

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