Arguments against replacing GDP with a broader measure of living standards include all of the following EXCEPT
A) most users of GDP accounts would not like to see them replaced by something else.
B) a broader measure of living standards would require subjective valuations of many difficult-to-measure activities.
C) GDP should co-exist with broader measures of living standards,but should not be replaced by them.
D) changes to the definition of output in the GDP accounts could not be made in isolation without also making changes to the definition of employment,for the sake of consistency.
E) replacing GDP with a broad measure of living standards would call for input from non-economists.

Question

Quizplus · Accepted Answer

The Answer of Arguments against replacing GDP with a broader measure of living standards include all of the following EXCEPT
A) most users of GDP accounts would not like to see them replaced by something else.
B) a broader measure of living standards would require subjective valuations of many difficult-to-measure activities.
C) GDP should co-exist with broader measures of living standards,but should not be replaced by them.
D) changes to the definition of output in the GDP accounts could not be made in isolation without also making changes to the definition of employment,for the sake of consistency.
E) replacing GDP with a broad measure of living standards would call for input from non-economists.

Arguments Against Replacing GDP with a Broader Measure of Living