Why is income and wealth typically used as a measure of the ...

[jasdeep_brar]

Why is income and wealth typically used as a measure of the distribution of economic well being rather than utility.
 
  What will be an ideal response?

Question 2

The German central bank, the Bundesbank, faced the risk of increased inflation caused by its actions to support an overvalued deutsche mark in the 1960s.
 
  Indicate whether the statement is true or false

[sarajane1989]

Answer to Question 1

Because utility is neither directly observable nor measurable, most policy discussions deal with the distributions of income and wealth as imperfect substitutes for the concept of the distribution of well-being.

Answer to Question 2

FALSE

[jasdeep_brar]

YES! Correct, THANKS for helping me on my review

[jojobee318]

Thanks for the timely response, appreciate it