Author Question: Increases in real GDP would overstate the increase in the well-being of a country over time if, over ... (Read 54 times)

tingc95 · **on:** Jun 29, 2018

Increases in real GDP would overstate the increase in the well-being of a country over time if, over that time period, the

A) price level increased. B) amount of pollution decreased.
C) crime rate decreased. D) average hours worked per week increased.

Question 2

Refer to Figure 22-4. Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in the figure above by the movement from

A) E to B to D. B) A to E. C) A to B to C. D) A to D.