If market output rises but people's leisure time falls, which conclusion is correct?
Answer and explanation
Correct answer: सकल घरेलू उत्पाद बढ़ सकता है, लेकिन जीवन गुणवत्ता घट सकती है
GDP counts the value of market production but does not directly assign a monetary value to lost leisure or the stress associated with longer working time. Consequently, output can rise while people’s non-market well-being and quality of life decline. Option D is correct. A assumes GDP and welfare always move together, B denies the value of leisure, and C contradicts the stated increase in output.
Frequently asked questions
What is the correct answer to this question?
सकल घरेलू उत्पाद बढ़ सकता है, लेकिन जीवन गुणवत्ता घट सकती है
Why is this the correct answer?
GDP counts the value of market production but does not directly assign a monetary value to lost leisure or the stress associated with longer working time. Consequently, output can rise while people’s non-market well-being and quality of life decline. Option D is correct. A assumes GDP and welfare always move together, B denies the value of leisure, and C contradicts the stated increase in output.
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.
