Which is the most comprehensive way to relate GDP to public welfare?
Answer and explanation
Correct answer: Studying income distribution, health, education, environment, employment and leisure along with real per capita GDP
A comprehensive welfare assessment begins with real per capita GDP because it reflects inflation-adjusted average output per person, but it must also examine distribution and social conditions. Health, education, employment, environmental quality and leisure reveal dimensions that GDP omits. Option B is therefore correct. Nominal totals, government spending alone and ignoring social indicators cannot provide a complete welfare picture.
Frequently asked questions
What is the correct answer to this question?
Studying income distribution, health, education, environment, employment and leisure along with real per capita GDP
Why is this the correct answer?
A comprehensive welfare assessment begins with real per capita GDP because it reflects inflation-adjusted average output per person, but it must also examine distribution and social conditions. Health, education, employment, environmental quality and leisure reveal dimensions that GDP omits. Option B is therefore correct. Nominal totals, government spending alone and ignoring social indicators cannot provide a complete welfare picture.
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.
