Shortcomings of GDP Flashcards by Jessica Delos Santos | Brainscape

Q

What doesn’t the GDP measure?

A

Unpaid services
Improved living conditions
Improvements in product quality
Increased leisure time

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Q

The Underground Economy

A

Illegal activities are not accounted for in the GDP

- Partake for the purpose of evading taxes

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Q

Environment

A

harmful effects of pollution is not accounted for in the GDP

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