One problem with using real gross domestic product as a measure of social welfare is that a.

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One problem with using real gross domestic product as a measure of social welfare is that

a. It fails to count home production.

b. It fails to count services, a growing part of the economy.

c. It double, triple, and sometimes quadruple counts goods that are produced in stages.

d. It fails to account for imports, a growing part of the economy.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:40 AM

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One problem with using real gross domestic product as a measure of social welfare is that a.

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a It fails to count home production Explanation On...View the full answer

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