If GDP rises but children's time for play and study falls, why may welfare decline?
Answer and explanation
Correct answer: Because education, health and child development may be affected
GDP measures the market value of final goods and services, but it does not fully capture leisure, learning time, health or emotional development. If higher output is achieved by taking away children’s study and play time, their skills, well-being and future opportunities may suffer. Therefore, option D is correct; the other options make unrelated or absolute claims.
Frequently asked questions
What is the correct answer to this question?
Because education, health and child development may be affected
Why is this the correct answer?
GDP measures the market value of final goods and services, but it does not fully capture leisure, learning time, health or emotional development. If higher output is achieved by taking away children’s study and play time, their skills, well-being and future opportunities may suffer. Therefore, option D is correct; the other options make unrelated or absolute claims.
Which subject and chapter does this question cover?
This is a Class 11 Economics question. Chapter: National Income and Related Aggregates. Topic: GDP and Welfare.
