Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

What factors would make the estimated money value of a country's Measure of Economic Welfare higher than the value of Gross National Product?

  • Anegative externalities, such as pollution
  • Bproperty income received from abroad
  • Cregrettable necessities
  • Dthe value of non-marketed activities and leisure

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