Question

What are some common costs to a country that has focused its economy on

achieving a high gross domestic product (GDP)?

MULTIPLE CHOICE!

A. Military capabilities will likely be negatively affected

B. Economic power and wealth

C. Education and health care may be sacrificed for the pursuit of wealth

D. Lower life expectancy than other equally developed nations with lower GDPs

Answer 1

Common costs to a country focused on high GDP include potential neglect of education and health care, leading to social inequalities, and possibly a lower life expectancy compared to equally developed nations.

Step-by-step explanation:

When a country focuses its economy on achieving a high Gross Domestic Product (GDP), there are several common costs that may be incurred. These include:

Economic power and wealth often increase, but this can lead to increased inequality, with wealth concentrated among fewer individuals or corporations.

Education and health care may be sacrificed as investments are channeled towards sectors that directly contribute to GDP growth, potentially leading to uneven social development.

Despite high GDP, there could still be a lower life expectancy compared to other equally developed nations with lower GDPs if health care is not prioritized.

It is essential to note that a high GDP does not automatically equate to improved wellbeing for all citizens, as it does not directly account for factors like leisure, environmental quality, and social services.

Answer 2

Option B

Step-by-step explanation:

Countries are investing to increase their economic power and wealth. A well developed and powerful economy will never sacrifice the health and education of its citizen for generating wealth. Hence, option C is incorrect.

A country with high GDP not like to lower the life expectancy of its citizens. Hence, option D is incorrect

Expenditure on military constitute some share in country's GDP but it is not as substantial as that of option B.

Hence, option B is correct