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In Economics / Senior High School | 2025-05-21

What is a major weakness of GDP as a measure of well-being?
A. It is too difficult to calculate
B. It includes unpaid household labor
C. It ignores pollution and social issues
D. It only includes government output

Asked by Theamay2871

Answer (1)

The correct answer is letter C. GDP doesn’t account for environmental damage, unpaid work, or happiness. For example, even if GDP increases due to more industrial production, it may come with pollution or poor working conditions—things GDP does not measure.

Answered by Sefton | 2025-05-22