Select whether the statement is true or false. GDP includes what is spent on environmental protection,...

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Select whether the statement is true or false. GDP includes what is spent on environmental protection, healthcare, and educat

business economics

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Answer 1

Answer #1

False

Because GDP includes what is spent on environmental protection, health care, and education,

And it doesn't include the actual levels of environmental cleanliness, health,and learning.

Because, in the expenditure method of measuring GDP only expenditure on production will be taken in to account but not consider the productivity we aquire.

In the same way GDP includes what spent on environment protection,but doesn't consider cleanliness of the air or water.

It includes what spent on health care,but doesn't address weather the healthiness of the people increased or decreased.

It includes what spent on education,but not consider weather the literacy rate increased or decreased.

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Answer 2

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