Real GDP is not a perfect indicator of economic welfare because ...

[tiara099]

Real GDP is not a perfect indicator of economic welfare because ________.
 
  A) it includes the underground economy
  B) it includes a direct measure of health and life expectancy
  C) it underestimates inflation
  D) economic welfare depends on many factors not measured or not measured accurately by real GDP

Question 2

The United States has a comparative advantage in producing airplanes if
 
  A) it can produce them at a lower opportunity cost than can other nations.
  B) it can produce them at a lower dollar cost than can other nations.
  C) it can produce a larger quantity than can other nations.
  D) it has a larger quantity of skilled workers than do other nations.

[britb2u]

Answer to Question 1

D

Answer to Question 2

A

[tiara099]

YES! Correct, THANKS for helping me on my review

[scottmt]

Great answer, keep it coming