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GDP tends to Multiple Choice O overstate economic welfare, because it does not include certain nonmarket activities such as home production. O understate economic welfare,
GDP tends to Multiple Choice O overstate economic welfare, because it does not include certain nonmarket activities such as home production. O understate economic welfare, because it includes expenditures undertaken to offset or correct pollution. O understate economic welfare, because it does not take into account increases in leisure O overstate economic welfare, because it does not reflect improvements in product quality
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