Real GDP measures ________ but not ________.
A) output;well-being
B) well-being;output
C) output;goods and services produced
D) goods and services produced;output
E) well-being;goods and services produced

Question

Quizplus · Accepted Answer

Real GDP measures the output of goods and services produced in an economy but does not measure overall well-being or quality of life. It only provides a measure of economic activity and the value of goods and services produced in a given period.

Real GDP Measures ________ but Not ________

Real GDP Measures but Not