Author Question: Which of the following is a significant problem associated with using GDP and GNI to measure the ... (Read 60 times)

Ebrown · **on:** Jul 8, 2018

Which of the following is a significant problem associated

with using GDP and GNI to measure the prosperity of a country's population?
A) Different countries produce different kinds of goods, making accurate comparisons inaccurate.
B) They do not account for an economy's exports and imports when determining the total value of goods produced.
C) Some countries have a substantial number of citizens who work abroad while other countries do not.
D) Many individuals have a level of prosperity that is radically different from their country's average production level per person.

Question 2

Opportunity cost refers to:

A) what someone is willing to pay or trade for a good.
B) the monetary loss suffered if there is oversupply.
C) the tax a business must pay to enter a new market.
D) a government tax used to redistribute resources.