The OECD's Better Life Index
A) gives a very similar ranking of countries as GDP per capita.
B) shows that wealthy countries typically have a much lower quality of life than middle income countries.
C) shows that there is no relationship between quality of life and GDP per capita.
D) can be expected to completely replace GDP as a measure used by economists in the next few years.
E) shows that GDP is a highly inaccurate measure of well being.
Correct Answer:
Verified
Q149: Give two reasons why GDP does not
Q151: China's current rate of GDP growth is
Q152: "Household production" refers to
A)the manufacturing of durable
Q153: The size of the underground economy as
Q154: Based on the increase in GDP that
Q156: The "underground economy" is also referred to
Q157: The "underground economy" refers to
A)the buying and
Q158: Because workers in Canada work fewer hours
Q159: If China decides to enact laws to
Q160: Marla is an architect who is designing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents