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October 24, 2014

Homework Help: Phi

Posted by Mamabrenda on Sunday, September 19, 2010 at 7:37pm.

Economics continue to measure our countrys economic well being based solely on its GDP however, GDP measures only products and services bought and sold with no regard with whether these money-generating transactions are positive or negativer. For example, when natural disasters such as hurricanes strike, the hundreds of millions of dollars spent for recovery and rebuilding efforts count toward GDP, thus making the economy look better. On the other hand, activities that contribute to societys well being but that don't involve money such as childbearing by stay-at-home parents, aren't reflected in GDP's measure of the country's economic health. Which of the following best expresses the main point of the passage above? GDP does not accurately measure the true economic well being of the country, GDP does not accurately report the amount of money spent in the aftermath of natural disasters such as hurricanes, Economists continue to use GDP to measure the country's economic well being or Recovery from natural disasters often requires hundreds of millions of dollars in government aid.

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