Question

GDP does not appropriately measure the value of A) leisure time enjoyed by the citizens of a country. B) environmental quality because that has no inherent value. C) goods made in a household for resale in local markets. D) goods produced in a country in a year.

Answer 1

Its A because all of the items have inherent value of some kind, but it is the lack of quantifiable dollar value that GDP cannot express, so leisure time enjoyed by the citizens of a country because its inherent value cannot be easily quantified in dollar terms is the correct answer.

Answer 2

A) leisure time enjoyed by the citizens of a country.
B) environmental quality because that has no inherent value.

GDP - or Gross Domestic Product - is a measure of the economic health of a country. However, this measure does not take into consideration other factors, such as leisure time, or environmental quality, and so it could not be considered aa the only measurement used to determine the health of a country, or its grown or progress.