GDP per head may be an imperfect measure of economic welfare because it excludes ?

Related Mcqs:

Economic growth is important because ?

A. People want less crime B. People want to be happier C. People want a better environment D. People want higher incomes and more consumer goods....

The golden-rule saving rate is the rate of saving that ?

A. gets the highest rate of interest B. maximizes the level of long-run investment C. maximizes the level of long-run consumption D. maximizes human capital...

The business cycle describes fluctuations in output around the?

A. trend path of output B. boom C. recession D. short-run fluctuations in output...

All of the following are parts of the business cycle except ?

A. boom B. slump C. recovery D. acceleration...

The multiplier accelerator model assumes ____ depends on ______?

A. consumption expected future profits B. investment, interest rates C. investment expected future profits D. stock building interest rates...