The main measure of national economic activity—the gross domestic product (GDP)—simply totals the monetary value of goods and services produced. It ignores social costs such as depletion of natural resources or environmental pollution. Some economists argue that to place a dollar figure on these costs in GDP accounting would be to introduce value judgments into what should remain an objective measure. However, in excluding these costs the GDP already contains an implicit value judgment, valuing them at zero.
Which of the following most accurately states the point toward which the passage isdirected?
This question is a Conclusion question, and the correct answer will be a conclusion supported by the statements in thepassage.
A. The GDP as currently measured does not contain information that would make it possible to estimate social costs, such as depletion of natural resources or environmentalpollution.
The passage does not indicate that social costs cannot be estimated because
...
Which of the following most accurately states the point toward which the passage isdirected?
This question is a Conclusion question, and the correct answer will be a conclusion supported by the statements in thepassage.
A. The GDP as currently measured does not contain information that would make it possible to estimate social costs, such as depletion of natural resources or environmentalpollution.
The passage does not indicate that social costs cannot be estimated because
...
Statistics : Posted by MartyMurray • on 12 Mar 2024, 00:16 • Replies 1 • Views 135
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