Question

ULLISUUSUJIUZEISS-1477-33-764127872360/tool/54cb148d-042.4829-b201-738798211549/s/delivery/deliver Assessment BLCG511 PT VC Year 2020 CCM 515 PT Year 2020 v BLCG 511 p Year 2020 PGRE 521 1-1 P 2020 v PGDip Admin 2020 V CCMM 511 Part-Time P 2020 V CCMM 516 2-1 P 2020 CCMM 517 PART-TIME 2 TESTS & QUIZZES Individual assignment Show Feedback Table of Contents Part 1 of 1 - Question 7 of 20 2 Points Which of the following characteristics of GDP are thought to be shortcomings for the determination of well-being? 1) GDP is a good proxy for happiness W GDP does not measure the value of improvements in the quality of products ) GDP per capita is a bad measure for equity. IV) The elasticity of products changes over time. v) GDP measures the value of activities in the informal sector O A. I, II, Hi, v B.1, ill, v C. il, il, IV D. II, iv, v E.I, IN Resel Selection

Answer 1

PAGE-No ;-ot Aus : In my point of In my point of view or this questions PSD. M potuts the are the according to me the answer of ir v. Because i o n and (v) short comings of the GDP :- Explanation in Ans ist Du 0% (V) (11) GAP does not measure the value of improvements in the quality of products, GDP not counted the advancement and degradation product, it only considered the money worth of the the product for eg: - Car manufacturers may be prodiung cars with technological aeronement that gives righer uility before without being faced with. proportionately inflated prices. Suchd advanceement are not considered in God. The elasticity of product changes over time The same with goods that are essential in some quantity and rarely more or less than one that quantity So, this price clasticity of demand the one for comman goods sounds pretty unchangeable through time So, Pucome variation are ignored by the GDP. või) GDP measuses the activities in the informal sectors a 4 at a transaction that are not formally recorded ed in GDP for ege- Block Market of illegal ods and services ie (drugs, weapon prostitution etj Income le from from these underground economy measured in GDP. Thanks onsidered SHAH FAIZAN AHMD.