Gdp

a. is used to monitor the performance of the overall economy but is not the single best measure of a society's economic well-being.

b. is used to monitor the performance of the overall economy and is the single best measure of a society's economic well-being.

c. is not used to monitor the performance of

Question

Gilbert Hodge

Business

17 April, 09:41

Gdp

a. is used to monitor the performance of the overall economy but is not the single best measure of a society's economic well-being.

b. is used to monitor the performance of the overall economy and is the single best measure of a society's economic well-being.

c. is not used to monitor the performance of

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Answers (1)

Know the Answer?

Eve Ford · Answer 1

The answer should be A.

The reason for this is that the GDP separate between people. For example, a few people could be very rich and make large contributions to the GDP, while the rest of the population could be poor. The GDP would indicate that the economic well being of the country is quite good, because it is high, but in reality the economic well-being of the society is not that good.