GDP measures the quality of life in a country, including factors such as health and education.Question 5Answera.Trueb.False
Question
GDP measures the quality of life in a country, including factors such as health and education.
Question 5
Answer
a. True
b. False
Solution
Answer
The statement that "GDP measures the quality of life in a country, including factors such as health and education" is b. False.
While GDP (Gross Domestic Product) is a widely used indicator of economic performance and reflects the total economic output of a country, it does not directly measure the quality of life or well-being of its citizens. GDP primarily focuses on economic activity and does not account for factors like health, education, income inequality, environment, and social welfare. Therefore, while there may be a correlation between GDP and quality of life, they are not synonymous.
For a more comprehensive understanding of quality of life, indicators such as the Human Development Index (HDI) or measures that incorporate health, education, and wealth distribution are more appropriate.
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