GDP and Welfare Quiz

• 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

• 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

• 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