Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of GDP. It follows that
a. GDP is not a useful measure of society's welfare.
b. GDP is still a useful measure of society's welfare because providing these other attributes is the responsibility of government.
c. GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that can be used to help produce the things that contribute to welfare.
d. GDP is still the best measure of society's welfare because these other values cannot actually be measured.
c
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A monopolist’s demand curve is which of the following?
a. Perfectly horizontal at the market price b. Smaller than the market demand curve c. The same as the market demand curve d. Larger than the market demand curve
Calculate GDP for a country with investment of $2 trillion, government purchases of $3 trillion, capital depreciation of $1.5 trillion, consumption of $10 trillion, exports of $3.4 trillion, and imports of $3.9 trillion
In which of the following is a risk-tolerant investor most likely to invest in?
a) CDs b) Savings accounts c) A-rated bonds d) Growth stocks
after-tax income of consumers & personal income less personal taxes
What will be an ideal response?