Author Question: Which of the following statements is NOT true about using per capita real GDP to measure a nation's ... (Read 84 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth?
 
  A) The definition does not indicate how the increase in growth is being disturbed among the nation's population.
  B) The definition assumes that some of the increase in productivity goes to the poor.
  C) The definition is not perfect for measuring increases in a nation's productive capacity.
  D) The definition has understated actual economic growth because it does not take into consideration changes in leisure.

Question 2

The long run aggregate supply curve (LRAS) also represents
 
  A) the full-employment level of output. B) the full-information level of output.
  C) the full-adjustment level of output. D) all of the above.



jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

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.

For a complete list of videos, visit our video library