Prior to the Great Depression,estimates of the level of economic well-being in the United States were based on
A) measures of GDP, the same as it is now.
B) the measured economic welfare scale of Nordhaus and Tobin.
C) government statistics based on census and average net income.
D) consumers' personal sense of well-being.
E) deflating after-tax incomes received by households.
Correct Answer:
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