Policymakers want a more accurate assessment of national welfare. What should they do?
Answer and explanation
Correct answer: Examine health education distribution environment and leisure indicators along with GDP
National welfare is multidimensional, so policymakers should not rely on a single monetary aggregate. GDP gives useful information about production and income, but a fuller assessment also examines health outcomes, educational attainment, income distribution, environmental sustainability, leisure, safety, and access to public services. These indicators reveal benefits and costs that GDP may omit. Option B is correct because it combines economic and social evidence; the other options are narrow and cannot represent welfare adequately.
Frequently asked questions
What is the correct answer to this question?
Examine health education distribution environment and leisure indicators along with GDP
Why is this the correct answer?
National welfare is multidimensional, so policymakers should not rely on a single monetary aggregate. GDP gives useful information about production and income, but a fuller assessment also examines health outcomes, educational attainment, income distribution, environmental sustainability, leisure, safety, and access to public services. These indicators reveal benefits and costs that GDP may omit. Option B is correct because it combines economic and social evidence; the other options are narrow and cannot represent welfare adequately.
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.
