Which of the following statements is false?
A) Growth of GDP ignores leisure.
B) Growth of GDP ignores the costs of pollution and resource depletion.
C) Growth of GDP over-emphasizes consumption goods bought and sold.
D) Growth of GDP ignores income-distribution.
Correct Answer:
Verified
Q5: From the list below the best measure
Q6: Economic growth:
A) does not affect living standards.
B)
Q7: Small differences in growth rates eventually produce
Q8: Growth of per capita output occurs when:
A)
Q9: With the economy at potential output, economic
Q11: Growth accounting attempts to measure the factors
Q12: The factors of production are:
A) land, labour,
Q13: To the economist, productive capital is defined
Q14: The production function shows the relationship between:
A)
Q15: Y = A x F(L, K) is
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