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What are the implications of your answer above for using increases in real GDP per capita, as calculated by the BEA, to measure increases in well-being? Is well-being overstated or understated?A.Understated, because workers are working fewer hours and consuming more leisure.B.Overstated, because the time required to engage in these activities could be used for some other activity.C.Overstated, because workers are not being as productive as they could be.D.Neither, since real GDP per capita cannot be used to indicate levels of well-being.
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