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

Author Question: Which of the following allows an economist to conclude that the welfare or happiness of society as a ... (Read 60 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nguyenhoanhat

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

D

Answer to Question 2

D




Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
Gracias!


mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

For a complete list of videos, visit our video library