Economics (AS & A Level) · May / June 2021 · Paper 31 · Question 20

The Measure of Economic Welfare (MEW) is often regarded as a better measure of economic welfare than Gross Domestic Product (GDP) per head. What is additionally included in the calculation for MEW?

1. Athe cost of paid work
2. Bthe cost of producing armaments
3. Cthe estimated cost of damage to the environment
4. Dthe negative impact on the shadow economy

As printed in the paper