GDP has nothing to say about the level of ________________ in society.
a. spending
b. inequality
c. technology
d. consistency
b. inequality
You might also like to view...
Suppose you and I are identical. We put up fireworks in our adjacent backyards on a national holiday, and we can both enjoy each other's fireworks. a. Can you identify an externality? b. Can you identify any missing markets? c. Do you think we will provide more or less than the efficient number of fireworks? d. If we could vote on a tax to be imposed on us fund fireworks in our back yards, would we vote for a lump sum tax (imposed equally on both of us) that will cause more fireworks to be put up than what we would put up on our own? e. Suppose instead the government implements a Pigouvian subsidy. How would the number of fireworks compare to what would happen in (d)? How much of a subsidy would you think we would both get for every dollar of fireworks each of us individually buys?
What will be an ideal response?
If the percent is 5%
What will be an ideal response?
Who is more likely to offer a money-back guarantee: a seller of a lemon or a seller of a plum? Why?
What will be an ideal response?
If the dollar depreciates in value relative to foreign currencies, aggregate:
A. supply and aggregate demand decrease. B. demand decreases. C. supply and aggregate demand increase. D. demand increases.