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Policymakers want a more accurate assessment of national welfare. What should they do?

Answer and explanation

Correct answer: Examine health education distribution environment and leisure indicators along with GDP

National welfare is multidimensional, so policymakers should not rely on a single monetary aggregate. GDP gives useful information about production and income, but a fuller assessment also examines health outcomes, educational attainment, income distribution, environmental sustainability, leisure, safety, and access to public services. These indicators reveal benefits and costs that GDP may omit. Option B is correct because it combines economic and social evidence; the other options are narrow and cannot represent welfare adequately.

Related tags

Multidimensional WelfarePolicyGdpSocial IndicatorsGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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