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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 25
Circle the letter that corresponds to the best answer. Which of the following statements would you agree with?
A) GDP includes only market transactions, while GPI includes both market transactions and other factors affecting our national well-being.
B) GPI is a very accurate measure of national well-being.
C) As a measure of national well-being, GDP has no major shortcomings.
D) GDP takes into account many more economic, social, and environmental activities than GPI.
A) GDP includes only market transactions, while GPI includes both market transactions and other factors affecting our national well-being.
B) GPI is a very accurate measure of national well-being.
C) As a measure of national well-being, GDP has no major shortcomings.
D) GDP takes into account many more economic, social, and environmental activities than GPI.
Explanation
Verified
Verified
GPI, or Genuine Progress Indicator is si...
Macroeconomics 11th Edition by Stephen Slavin
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