Which of the following statements is true?
A) Nominal GDP is a good measure of social welfare.
B) GDP per capita is a complete measure of social welfare.
C) Crime and pollution reduce social welfare which reduces GDP.
D) GDP is not necessarily the best measure of social welfare.
Correct Answer:
Verified
Q29: Ceteris paribus,economic growth involves an:
A) Increase in
Q30: When comparing GDP per capita globally,which list
Q31: Which of the following is included in
Q32: According to your textbook,which of the following
Q33: Economic growth:
A) Is an increase in output
Q35: The largest component of U.S.GDP is:
A) Government
Q36: A country's total output includes all of
Q37: If all of our GDP were distributed
Q38: Which of the following is NOT an
Q39: Consumer goods:
A) Account for half of total
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