Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

GDP and Welfare Quiz
3 Questions
0 Views

GDP and Welfare Quiz

Created by
@IntegratedSpessartine

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does GDP measure?

  • The total value of goods and services produced in a country (correct)
  • The inequality within a country
  • The unemployment rate in a country
  • The average income of the population

    • How does GDP relate to the overall welfare of a country's citizens?

  • It provides an indication of the economic activity but does not fully capture the welfare of citizens (correct)
  • GDP is the sole indicator of the welfare of citizens
  • GDP directly reflects the happiness and well-being of citizens
  • GDP includes all aspects of citizens' welfare

    • What are some limitations of using GDP as a measure of welfare?

  • GDP accounts for all aspects of citizens' well-being
  • GDP is the most comprehensive measure of welfare
  • It does not consider income inequality and environmental degradation (correct)
  • GDP accurately measures the standard of living in a country

    • More Quizzes Like This

    GDP Quiz
    5 questions

    GDP Quiz: Test Your Knowledge of Gross Domestic Product

    PromisedAwareness avatar
    PromisedAwareness
    Economic Policy and Social Welfare
    16 questions

    Economic Policy and Social Welfare

    LargeCapacityPrehistoricArt avatar
    LargeCapacityPrehistoricArt
    GDP Components Flashcards
    14 questions

    GDP Components Flashcards

    LoyalLanthanum avatar
    LoyalLanthanum
    GDP Limitations and Alternative Indexes
    7 questions

    GDP Limitations and Alternative Indexes

    VirtuousConflict avatar
    VirtuousConflict
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser