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Author Question: Real GDP is not a perfect indicator of economic welfare because ________. A) it includes the ... (Read 32 times)

tiara099

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on: Jun 29, 2018
Real GDP is not a perfect indicator of economic welfare because ________.
 
  A) it includes the underground economy
  B) it includes a direct measure of health and life expectancy
  C) it underestimates inflation
  D) economic welfare depends on many factors not measured or not measured accurately by real GDP

Question 2

The United States has a comparative advantage in producing airplanes if
 
  A) it can produce them at a lower opportunity cost than can other nations.
  B) it can produce them at a lower dollar cost than can other nations.
  C) it can produce a larger quantity than can other nations.
  D) it has a larger quantity of skilled workers than do other nations.


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britb2u

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


tiara099

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xiazhe

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

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