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GDP increased in a country but average daily working hours rose sharply. What should be considered while assessing welfare?

Answer and explanation

Correct answer: Leisure and work-life balance

The governing concept is that welfare includes non-monetary dimensions, not only the value of goods and services. A rise in GDP may occur alongside much longer working hours, which can reduce leisure, rest, family time and quality of life. Hence option D is correct. Exports, tax collection or population may affect the economy, but none alone measures the lost leisure or work-life balance.

Related tags

Working HoursLeisureWork-Life BalanceGdp WelfareGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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