This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a significant problem associated with using GDP and GNI to measure the ... (Read 48 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jul 8, 2018
Which of the following is a significant problem associated
 
  with using GDP and GNI to measure the prosperity of a country's population?
  A) Different countries produce different kinds of goods, making accurate comparisons inaccurate.
  B) They do not account for an economy's exports and imports when determining the total value of goods produced.
  C) Some countries have a substantial number of citizens who work abroad while other countries do not.
  D) Many individuals have a level of prosperity that is radically different from their country's average production level per person.

Question 2

Opportunity cost refers to:
 
  A) what someone is willing to pay or trade for a good.
  B) the monetary loss suffered if there is oversupply.
  C) the tax a business must pay to enter a new market.
  D) a government tax used to redistribute resources.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 8, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jul 8, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

A goniometer is used to measure range of motion of the patient’s arm. A goniometer is used to measure range of motion of the patient’s arm.
Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ... Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ...
A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ... A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ...
How to solve a trigonometric problem involving two right triangles (Question 2) How to solve a trigonometric problem involving two right triangles (Question 2)
How to solve any percent concentration problem How to solve any percent concentration problem
Problem Problem
Video: Genetics of Cancer

For a complete list of videos, visit our video library