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Author Question: Which of the following allows an economist to conclude that the welfare or happiness of society as a ... (Read 55 times)

Pineappleeh

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on: Jun 29, 2018
Which of the following allows an economist to conclude that the welfare or happiness of society as a whole is clearly increasing?
 
  A) A decrease in nominal GDP
  B) A decrease in real GDP
  C) An increase in nominal GDP
  D) An increase in real GDP
  E) None of the above.

Question 2

Which of the following accurately measures the welfare or happiness of society?
 
  A) Nominal GDP
  B) Real GDP
  C) Both Nominal GDP and Real GDP
  D) None of the above.


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nguyenhoanhat

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

D

Answer to Question 2

D


Pineappleeh

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Perkypinki

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

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