Real GDP is not a perfect measure of social welfare because
A) GDP includes output produced in both the market and in the home.
B) real GDP may be increasing only because of price increase, not increases in output.
C) GDP accounting rules do not adjust for production that causes negative externalities.
D) GDP accounting rules lead to different weights being placed on goods produced in the government sector compared to the private sector.
Correct Answer:
Verified
Q47: Frictional unemployment is the
A) portion of unemployment
Q48: The Ministry of Defence closes its headquarters
Q49: Which of the following is a type
Q50: If the price index in period 3
Q51: If real GDP decreased from 1995 to
Q53: Which of the following statements is false?
A)
Q54: If real GDP is growing more slowly
Q55: If the price index in period 3
Q56: Study the following data. Q57: Study the following data.
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