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Studying which factor along with GDP gives a better assessment of welfare?

Answer and explanation

Correct answer: Health, education, environment and income distribution

GDP measures the value of market production, but welfare is multidimensional. Health and education show human capabilities, environmental quality shows sustainability, and income distribution shows whether the gains from production are widely shared. Considering these indicators alongside GDP gives a more complete assessment of living conditions. Therefore, option D is correct; the other factors have no meaningful direct role in measuring welfare.

Related tags

Multidimensional WelfareHealthEducationIncome DistributionGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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