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The Genuine Progress Indicator (GPI) improves upon standard GDP by incorporating:

AStock market market capitalization
BEnvironmental damage, pollution costs, and social inequality factors
CMilitary defense expenditures
DForeign reserve accumulation

Explanation

GPI adjusts economic output metrics by subtracting environmental damage, resource depletion, and social costs of growth.

Submitted by: mcqstutor Team More Economics MCQs →

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