This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is a significant problem associated with using GDP and GNI to measure the ... (Read 52 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
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
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A




Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jul 8, 2018
Wow, this really help


cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

For a complete list of videos, visit our video library