GDP is an imperfect measure of well-being because ita. includes physical goods produced but notintangible services.b. excludes goods and services provided by thegovernment.c. ignores the environmental degradation fromeconomic activity.d. is not correlated with other measures of thequality of life.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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GDP is an imperfect measure of well-being because it
a. includes physical goods produced but not
intangible services.
b. excludes goods and services provided by the
government.
c. ignores the environmental degradation from
economic activity.
d. is not correlated with other measures of the
quality of life.

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