32. Gross Domestic Product is not a comprehensive indicator of quality of life b

Question

32. Gross Domestic Product is not a comprehensive indicator of quality of life because: A. it does not reflect any activity that may be cumbersome. B. it does not reflect any activity that may be burdensome. C. it does not reflect the quantity of leisure time available. D. all of the above. E. none of the above. 33. If a country's capital consumption allowance is larger than its gross investment. A. this suggests that its productive capacity has increased. B. this suggests that its national income has likely declined. C. this implies that its disposable income has definitely increased. D. this implies that is productive capacity has decreased. E. none of the above.

Explanation / Answer

32. it does not reflect the quantity of leisure time available

GDP has many more limitations like; it does not measure how rich a country is based on per capita. It does not measure income distribution and it does not measure quality of life, and measures only paid economic output.

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