The expenditure measure of GDP does not capture several factors that are related to economic wellbeing. Still, it does capture some important factors. Which of the following best captures the relationship between measured GDP and economic wellbeing? a People who live in an economy with a high level of GDP have a better quality of life which includes living in an environment that has low crime, little traffic congestion, more open spaces, and etc. b People who live in an economy with a high level of GDP have better air and water quality. c People who live in an economy with a high level of GDP tend to have access to better health and education, which can lead to better economic well-being. d People who live in an economy with a high level of GDP have virtually no economic inequality since they have a higher standard of living.

Q&A Education