According to Nobel Laureate, Amartya Sen, which of the following measures should not be included in a balanced scorecard for economic growth?
a. Wide-spread access to basic life-sustaining amenities.
b. Freedom to pick from a wide range of social and economic choices.
c. Better self-esteem through higher standards of living.
d. Currency appreciation due to balance of payments surpluses.
e. All the above are proper measures in the balanced scorecard approach to growth.
Question 2
If the actual government deficit (-) is equal to -50 billion, then:
a. Fiscal policy must be expansionary.
b. Fiscal policy could be expansionary, contractionary, or neutral.
c. Monetary policy must be expansionary.
d. Fiscal policy must be contractionary.
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