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Which indicators should be considered alongside GDP for a better assessment of welfare?

Answer and explanation

Correct answer: Health, education, employment, income distribution, the environment, and safety

GDP measures market production, but welfare also depends on people’s health, education, jobs, distribution of income, environmental conditions, and safety. Considering these indicators gives a broader picture than GDP alone. Therefore, B is correct.

Related tags

Gdp And WelfareWelfare IndicatorsNational Income And Related AggregatesEconomicsClass 11 Mcq

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