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Increases in GDP since 1900 can actually underestimate growth in the standard of living for Americans...

Increases in GDP since 1900 can actually underestimate growth in the standard of living for Americans since 1900 because

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the crime rate was higher in 1900 than it is today.

goods and services are more expensive today as compared to 1900.

the quality of health care that exists today was not available in 1900.

the level of pollution in 1900 was much higher than it is today.

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Option 3

the quality of health care that exists today was not available in 1900

the quality of health is different and non-comparable in these years as the quality of healthcare is better today than 1900 which underestimates the standard of living.

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