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September 2, 2015

Homework Help: psy

Posted by Cat on Saturday, September 25, 2010 at 5:50pm.

)]}> Economists continue to measure our countryís economic well being based solely on its Gross Domestic Product, or GDP. However, GDP measures only products and services bought and sold, with no regard with whether these money-generating transactions are positive or negative. 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 societyís well-being but that donít involve money, such as childrearing by stay-at-home parents, arenít reflected in GDPís measure of the countryís economic health.
Which one of the following best expresses the main point of the passage above? (Points : 1)
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 countryís economic well being.
Recovery from natural disasters often requires hundreds of millions of dollars in government aid.

I tend to lean toward- GDP does not accurately measure the true economic well being of the country.

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