Homework Answers
The GDP can be defined the market value of all goods and services which are produced in the domestic territory of the country in the current financial years.
GDP by expenditure method=C+I+G+X-M
So with the increase in the number of medical errors, the number of lawyers hired to determine medical malpractice settlements. So number of services will increase, therefore production services. This leads to increase in the GDP. Since with the hiring of more lawyers, malpractice in the settlement will decrease. So it will increase the welfare of the society. Since GDP increase the welfare of economy.
Hence option A is the correct answer.
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