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Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of GDP. It follows thatA. GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that can be used to help produce the things that contribute to welfare. B. GDP is still a useful measure of society's welfare because providing these other attributes is the responsibility of government. C. GDP is not a useful measure of society's welfare. D. GDP is still the best measure of society's welfare because these other values cannot actually be measured.

Respuesta :

Answer:

The correct answer is option A.

Explanation:

GDP or gross domestic product is a tool to measure the economic growth of a nation. It measures the value of final goods produced within the geographical boundaries of a nation. Though it does not include values such as good health, high-quality education, etc. These things are generally not quantifiable and thus cannot be expressed in quantitative terms.  

Regardless of the fact that GDP does not include some important values related to the standard of living. It is still considered as a useful tool to measure society's welfare. This is because it measures the nation's ability to purchase inputs which are used in the production of output that provide satisfaction to the consumers and contribute to social welfare in the nation.

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