Limitations of GDP as a Measure of Societal Well-being Quiz Explore the flaws of GDP as a measure of societal welfare. Discover why GDP overlooks factors like income inequality, informal economy, and environmental degradation.
#1
It considers only material wealth.
It includes all aspects of well-being.
It accounts for subjective happiness.
It measures spiritual fulfillment.
#2
It includes leisure activities in the calculation.
It assumes all leisure time is equal in value.
It disregards the importance of leisure for well-being.
It accounts for the quality of leisure activities.
#3
GDP is too focused on individual well-being.
GDP doesn't consider the role of social relationships.
GDP accurately reflects subjective happiness.
GDP is not correlated with life satisfaction.
#4
Social relationships
Material possessions
Economic stability
Individual achievements
#5
It includes leisure activities in the calculation.
It assumes all leisure time is equal in value.
It disregards the importance of leisure for well-being.
It accounts for the quality of leisure activities.
#6
GDP includes only monetary transactions.
GDP reflects income distribution accurately.
GDP accounts for non-market activities.
GDP considers subjective well-being.
#7
Government spending
Investments
Environmental sustainability
Consumption
#8
Consumer spending
Government expenditures
Business investments
Net exports
#9
Healthcare quality
Crime rates
Political stability
Technological advancements
#10
It excludes government spending.
It doesn't account for inflation.
It neglects non-market activities.
It fails to consider environmental factors.
#11
They are not relevant to societal well-being.
They are difficult to measure and track.
They are included in official statistics.
They have a negligible impact on the economy.
#12
Education level
Life expectancy
Income per capita
Employment rate
#13
It only considers the average income.
It includes all income sources.
It accurately captures income disparities.
It accounts for social safety nets.
#14
Economic growth
Income distribution
Educational attainment
Health outcomes
#15
Increased employment
Pollution from industrial production
Government investment in infrastructure
Rising consumer spending
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