« previous next »

Author Question: Which of the following is a problem with using real GDP as a measure of economic well-being? a. It ... (Read 45 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Which of the following is a problem with using real GDP as a measure of economic well-being?
 a. It fails to measure the value of leisure.
 b. It fails to measure the underground economy.
  c. It does not factor in externalities.
 d. all of the above

Question 2

In most derivations of the aggregate expenditures model, investment is assumed to be independent of real GDP. What would be the effect on the aggregate expenditures (AE) function if investment spending were positively related to income?
 a. The intercept of the AE function would rise.
  b. The slope of the AE function would become flatter.
  c. Both the slope and the intercept of the AE function would increase.
  d. The slope of the AE function would become steeper.
  e. The intercept of the AE function would increase, and its slope would become flatter.


fur

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Using a goniometer to measure joint ROM. Using a goniometer to measure joint ROM.
Relationship between Economic Openness and GDP per Capita Relationship between Economic Openness and GDP per Capita
Identification of the numbers in the Word Problem Identification of the numbers in the Word Problem
How does PCA reduce the dimension of a statistical problem? How do you select the reduced ... How does PCA reduce the dimension of a statistical problem? How do you select the reduced ...
Problem Problem
economic question economic question
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library