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Which of the following are examples of why GDP tends to overstate the true rise in the standard of living? Select the correct answer below:
Which of the following are examples of why GDP tends to overstate the true rise in the standard of living? Select the correct answer below: Crime rates, traffic congestion levels, and income inequality are higher in the United States now than they were in the 1960s. A substantial number of services that women primarily provided in the non-market economy used to be counted in GDP but are no longer counted today. Life expectancy and health have risen dramatically, and so has the average level of education. Since 1970, the air and water in the United States have generally been getting cleaner
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