Which of the following is an argument that economists would most likely use to justify the need for a replacement for
GDP?
GDP fails to reflect income.
OGDP fails to reflect value of services.
GDP fails to reflect value of income and goods.
OGDP fails to reflect true wealth and assets.

Answers

Answer 1

Answer: GDP fails to reflect true wealth and assets.

Explanation:

The gross domestic product is referred to as the total monetary value of every finished goods and the services that are being produced within a particular country's at a certain period.

Economists would most likely justify the need for a replacement for GDP because GDP fails to reflect true wealth and assets. This is because the depreciation of assets and its depletion isn't reflected by the GDP. Also, it doesn't show if wealth accumulation tallies along with the growth in population.


Related Questions

PLEASE HELP 30 POINTS
Meaning of this picture and how does this political cartoon say about Imperialism?

Answers

Answer:

exhorts the United States to assume colonial control of the Filipino people and their country.

Other Questions
Help me this is due tomorrow If 7 iced cupcakes cost $21, then how much would 5 iced cupcakes cost? How to bend ir/er verb in Spanish A baker made 6 pounds of dough. He used 8 9 of the dough to make sandwich rolls. How much of the dough is left over? What do the three red tiles in the model of the equation below represent?=1-33- How has immigration influenced French culture? What should be included in the body of an essay? Select all that apply.textual evidencetransitionsquotes from textirrelevant information Tell whether the angles are adjacent or vertical. Then find the value of x. Why did foreign nations build seaports and railroads in Latin America?Railroads and seaports united all cultures of Latin America.Railroads and seaports made it easier for foreign companies to export their products.Railroads and seaports made it easier for the United States to keep law and order in Latin America.Railroads and seaports made it easier for foreign companies to import their products. Find an expression which represents the sum of (-8x+7y)(8x+7y) and (2x-2y)(2x2y) in simplest terms. I keep getting this wrong. I got f(x)=1/2^x HELP asap now lol lorf The population of largemouth bass in a pond is decreasing at the rate of 10% per year. If the population of largemouth bass is 5,000 this year, what will the population be in 16 years? The building below is shown to scale; for every 1 inch of drawing, it is 5 feet in actual distance. The exterior surface area of the building is 250,000 square feet. What is the exterior surface area of the model? 6. Which of the following statements best describes one way that the Moon is different fromEarth?a. The Moon is not solid.b. The Moon has no gravity.c. The Moon has almost no atmosphere.d. The Moon receives almost no solar light. #1 In this passage, which element does Mandela add to his description of the courage he needed to succeed in his mission?In life, every man has twin obligationsobligations to his family, to his parents, to his wife and children; and he has an obligation to his people, his community, his country. In a civil and humane society, each man is able to fulfill those obligations according to his own inclinations and abilities. But in a country like South Africa, it was almost impossible for a man of my birth and color to fulfill both of those obligations. In South Africa, a man of color who attempted to live as a human being was punished and isolated. In South Africa, a man who tried to fulfill his duty to his people was inevitably ripped from his family and home and was forced to live a life apart, a twilight existence of secrecy and rebellion. I did not in the beginning choose to place my people above my family, but in attempting to serve my people, I found that I was prevented from serving my obligations as a son, a brother, a father, and a husband. A. VisionB. RebellionC. SacrificeD. Boldness . What is the OH- concentration of a neutral solution? Read a key findings paragraph from an informative report on ocean pollution. Discarded plastics in our oceans are a significant source of climate change. As these plastics float in the oceans, sunlight and heat cause them to release greenhouse gases. These greenhouse gases cause the planet to warm. Preventing plastic from getting into the ocean will consequently lessen the release of greenhouse gases worldwide. How could this paragraph be improved? -the addition of commentary the inclusion of supporting evidence the addition of a topic sentence the inclusion of a recommendation 2 (-3x-4) >16Solve the inquality for X plss help ill give brainliest thank you!