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Economics (AS & A Level) · May / June 2022 · Paper 32 · Question 19

9708Economic development

What would cause estimates of the money value of the Measure of Economic Welfare for a country to be greater than the value of Gross National Product?

  1. Anegative externalities, such as pollution
  2. Bproperty income received from abroad
  3. Cregrettable necessities
  4. Dthe value of non-marketed activities and leisure

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Correct answer: D. the value of non-marketed activities and leisure

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