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

Author Question: Because GDP does not account for improvements in the quality of goods, the GDP calculation: a. ... (Read 50 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
Because GDP does not account for improvements in the quality of goods, the GDP calculation:
 a. tends to overstate the true value of output in the United States.
  b. tends to understate the true value of output in the United States.
  c. provides an accurate value of output in the United States.
  d. provides the best measure of output in the United States.
  e. measures the value correctly because price changes always capture the value of quality changes.

Question 2

The idea that higher prices reduce the purchasing power of financial assets and lead to less consumption is known as the:
 a. real balances effect.
  b. interest rate effect.
  c. foreign purchases effect.
  d. income effect.
  e. aggregate demand effect.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Answer to Question 1

b

Answer to Question 2

a




vinney12

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

For a complete list of videos, visit our video library