Real GNP is a crude measure of national welfare because it excludes ?

Related Mcqs:

Macroeconomics is the branch of economics that deals with ?

A. imperfectly competitive markets: B. Only the long run adjustments to equilibrium in the economy C. The functioning of individual industries and the behavior of individual decision-making units business firms and households D. the economy as a whole...

If desired spending in the economy exceeds income we would expect ?

A. households to save more B. firms to produce less C. firms to produce more D. the MPC to change...

Total withdrawals from the circular flow of income include ?

A. consumption savings and taxes B. savings government expenditure and imports C. savings taxes and exports D. savings taxes and imports...

For given government spending and taxation the government budget deficit will grow in _________ and decline in __________?

A. booms, booms B. recession, recession C. booms, recessions D. recessions, booms...

The total multiplier for the economy will reflect ?

A. MPC and MPT B. MPT and MPZ C. MPC and MPZ D. MPC, MPT and MPZ...