All these are example of biases in using GDP or GNP to measure economic well-being except ____________
A. population growth B. price changes C. non-market activities D. market activities
Correct Answer: D
Explanation
Biases in using GDP or GNP to measure economic well-being refers to the factors that either cause underestimation or overestimation of the GDP or GNP value. An increase in population may lead to increase in GDP but it may not increase welfare, likewise the price changes. The non - market activities refer to the ones that are not accounted for which causes underestimation.
