Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

Which modification is applied to gross domestic product (GDP) in order to calculate a measure of economic welfare (MEW)?

  • Aenvironmental costs and benefits: no; the value of leisure activity: no; the value of unpaid work: yes
  • Benvironmental costs and benefits: yes; the value of leisure activity: no; the value of unpaid work: no
  • Cenvironmental costs and benefits: yes; the value of leisure activity: yes; the value of unpaid work: no
  • Denvironmental costs and benefits: yes; the value of leisure activity: yes; the value of unpaid work: yes

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