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Author Question: Why is income and wealth typically used as a measure of the distribution of economic well being ... (Read 146 times)

jasdeep_brar

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on: Jun 29, 2018
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


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sarajane1989

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Reply #1 on: Jun 29, 2018
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

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Reply 2 on: Jun 29, 2018
Gracias!

helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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