GDP data are criticized as being inaccurate measures of economic welfare because:

CA Foundation · Business Economics · MTP · January 2026
GDP data are criticized as being inaccurate measures of economic welfare because:
(A) A. They do not take into account changes in the amount of leisure.
(B) B. They do not take into account all changes in product quality.
(C) C. They do not take into account the adverse effects of economic activity on the environment.
(D) D. Of all of the above considerations.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Of all of the above considerations.

Topics: Determination of National Income

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