Allied ecn151 Module 4 Check Your Understanding latest 2015 November

Jun 23rd, 2016
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Question Question Points 1. Many things that society values, such as good health, high-quality education, enjoyable recreational opportunities, and desirable moral attributes of the population, are not measured as part of the GDP. It follows that: a. GDP is not a useful measure of society's welfare. b. GDP is still a useful measure of society's welfare because providing these other attributes is the responsibility of government. c. GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that can be used to help produce the things that contribute to welfare. d. GDP is still the best measure of society's welfare because these other values cannot actually be measured. 2. In countries where women are discriminated against, policies that increase the likelihood of career success and educational opportunities for women are likely to decrease the birth rate. a. True b. False 3. The real interest rate tells you how fast the purch

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Allied ecn151 Module 4 Check Your Understanding latest 2015NovemberQuestionQuestion Points1. Many things that society values, such as good health, high-quality education, enjoyablerecreational opportunities, and desirable moral attributes of the population, are not measured aspart of the GDP. It follows that:a. GDP is not a useful measure of society's welfare.b. GDP is still a useful measure of society's welfare because providing these other attributes isthe responsibility of government.c. GDP is still a useful measure of society's welfare because it measures a nation's ability topurchase the inputs that can be used to help produce the things that contribute to welfare.d. GDP is still the best measure of society's welfare because these other values cannot actually bemeasured.2. In countries where women are discriminated against, policies that increase the likelihood ofcareer success and educational opportunities for women are likely to decrease the birth rate.a. Trueb. False3. The real interest rate tells you how fast the purchasing power of your bank account rises overtime.a. Trueb. False4. Which of the following would, by itself, reveal the most about a coun

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