Economists and psychologists are often on opposite sides of the economic growth debate.The nature of the debate is such that
A)economists emphasize the benefits of growth to finance valuable programs, and psychologists question whether more goods make people happier.
B)economists emphasize that more money means more income for the government, and psychologists believe poorer people are happier.
C)economists believe that economic growth imposes no serious costs on the economy, and psychologists question the statistical reliability of GDP numbers.
D)economists stress the importance of money relative to leisure, and psychologists stress the importance of an unstructured life.

Question

Quizplus · Accepted Answer

Economists often focus on the benefits of economic growth in terms of increasing income and financing valuable programs, while psychologists question whether more material goods actually make people happier. This divide between the two fields can lead to different perspectives on the importance and impacts of economic growth.

Economists and Psychologists Are Often on Opposite Sides of the Economic