In what way(s) does GDP per capita not provide an accurate representation of living standards? SELECT ALL THAT APPLY.

- GDP per capita does not measure production that occurs outside of the market economy.
- GDP per capita does not account for how people distribute their time between work and leisure.
- GDP per capita does not account for changes in environmental quality.
- GDP per capita does not account for all final goods and services sold in markets.

Answers

Answer 1

Answer:

GDP per capita does not measure production that occurs outside of the market economy.

GDP per capita does not account for how people distribute their time between work and leisure.

GDP per capita does not account for changes in environmental quality.

✗ GDP per capita does not account for all final goods and services sold in markets.

Explanation:

Although GDP per capita is useful as a rough indicator of living standards in a country, it ignores certain factors that can be quite important. In particular, it ignores anything that lacks a market price. Notable ommissions thus include leisure time, environmental quality, and nonmarket economic activities.

GDP per capita does account for all final goods and services sold in markets. So that option is not correct. GDP is just a growth indicator of an economy. It doesn’t take any major factors like literacy, distribution of income, standard of living etc. into account.


Related Questions

Which phrase best describes the ottoman Empire

Answers

Answer:

C. A turkish islamic kingdom that defeated the Byzantine empire

Explanation:

Including the full list of answers,

Which phrase best describes the Ottoman Empire?

A. A Persian Islamic kingdom that fought the Turks

B. An Indian Islamic kingdom that was tolerant toward Hindus

C. A Turkish Islamic kingdom that defeated the Byzantine empire

D. A mongol Islamic kingdom that conquered most of China

C is the answer

How does human, natural, and capital resources help the home and community run smoothly​

Answers

Answer:

Human resources: Refer to the human effort needed for the production of goods and services, and societies and economies need human resources to advance. These resources often include skilled and unskilled labor. Entrepreneurial and management skills are also human resources and refer to the ability to start and run economic activities.

Natural resources: Are elements and materials that have formed without any human action. They exist in nature, and people might take them and use them in their natural form or as raw materials for producing all types of objects. These resources can be renewable, like water, sunlight, wind and trees, or non-renewable, like fossil fuels, gold, iron, clay and other minerals. Capital resources: Include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services

Explanation:

Human capital and economic growth have a strong correlation. Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people.

Human capital refers to the knowledge, skill sets, and experience that workers have in an economy. The skills provide economic value since a knowledgeable workforce can lead to increased productivity. The concept of human capital is the realization that not everyone has the same skill sets or knowledge. Also, the quality of work can be improved by investing in people's education.

What Drives Economic Growth

Economic growth is an increase in an economy's ability, compared to past periods, to produce goods and services. Economic growth is measured by the change in the gross domestic product (GDP) of a country. GDP is a representation of the total output of goods and services for an economy.

By supporting with practical examples, how would you argue out with statement that, “perception in most cases are subjective, irrational and marred with errors”.

Answers

Perception in most cases is subjective, irrational, and marred with error. Examples to support the notion are given below:

Some individuals argue that atoms don't exist because they are not visibleSome argue that there is no God because He is not visibleSome argue that there is no carbon monoxide in a room and even if there is, it cannot be smelt.

What is Perception?

Perception is a careful organization, identification, and interpretation of information in order to understand the presented information. It is what an individual thinks or feels about a piece of information or something else.

Some perceptions can be filled with flaws and in most cases are subjective and irrational. Even though on the surface it might feel like its true but it is actually the opposite.

Learn more about Perception here:

https://brainly.com/question/1838569

What is one way political parties shape public policy?​

Answers

Answer:

"Helping elected officials who belong to the party work together more effectively."

Explanation:

sorry found this, and ur questions been up awhile. sorry

During the Constitutional Convention, small states did not want their representation based on
Which scenario is not guaranteed under the Articles of Confederation?

Answers

Answer:

a merchant

Explanation:

they can always use the same currency in Connecticut and Georgia

All the planets in our solar system have more or less the same–

Answers

Answer:

As Morbidelli notes, most planetary scientists agree that the planets in our solar system had similar origins as small rocks orbiting the sun, comprising the protoplanetary disk, which collided and fused, creating increasingly larger rocks that eventually became protoplanets.

Explanation:

Answer:

except for pluto

Explanation:

In 2006 pluto was named a dwarf planet and is now forced to sit at the kids table during planet thanksgiving

The graph characterizes a market for loanable funds. Shift the appropriate curves to indicate what will happen to the market if there is an improvement in the technology firms use in production.

After this change,
a. the real interest rate increases and the quantity of loanable funds decreases.
b. the real interest rate decreases and the quantity of loanable funds increases.
c. the real interest rate increases and the quantity of loanable funds increases.
d. the real interest rate decreases and the quantity of loanable funds decreases.

Answers

Answer:

c. the real interest rate increases and the quantity of loanable funds increases.

Explanation:

If there is improvement in the technology firms use in production then they need money. So they borrow more, because of this borrowing the demand curve will shift right.

As the demand curve shifts right it is clearly visible that from y-axis the real interest rate increases as the equilibrium shifts right due to shift in demand curve. From x-axis it is clear that quantity of loanable funds increases.

In the market here, there is an improvement in the technology firms use in production. In response to this change, borrowers will want to borrow more money at all interest rates. Firms have a greater incentive to borrow money because doing so has become more profitable. The change here should be modeled as an increase in demand for loanable funds.

To determine the impact on the interest rate and equilibrium quantity of loanable funds, identify the new intersection of the supply and demand curves. An increase in demand for loanable funds causes both the real interest rate and the equilibrium of loanable funds to rise.

What is the primary responsibility of congressional committees?

Answers

Answer:

Committees monitor on-going governmental operations, identify issues suitable for legislative review, gather and evaluate information, and recommend courses of action to the Senate.

Explanation:

there ya go

How does the Constitution support separation of Church and State?

Answers

Answer:

The constitution wants the Church to be seperate from the state so the State does not control the church.

Today, the establishment clause prohibits all levels of government from either advancing or inhibiting religion. The establishment clause separates church from state, but not religion from politics or public life. Individual citizens are free to bring their religious convictions into the public arena.

Define is peace building

Answers

Answer:

Peacebuilding is an activity that aims to resolve injustice in nonviolent ways and to transform the cultural and structural conditions that generate deadly or destructive conflict.

A government in which citizens make the decisions is a

Answers

Answer: Direct Democracy

Explanation: Direct democracy, which is also called pure democracy is a democracy in which the decisions are not taken by representatives. All decisions are voted on by the people.

it would be a democracy

Which of these documents is created by each state? ASAP


Constitution

Declaration of Independence

Articles of Confederation

State of the Union

Answers

The documents created by each state is the Constitution as it contains all of the governing principles of the state.

The Constitution: as a guide for governance

A constitution by definition is an aggregate of fundamental principles or established precedents that constitute the legal basis of a polity, organisation or other type of entity and commonly determines how such entity in discuss is to be governed.

Read more on Constitution;

https://brainly.com/question/87691

How youth could use social media to encourage their peers to become responsible citizens​

Answers

Answer:

Youth could use social media to encourage their peers to become responsible citizens by posting helpful tips or videos. Also, they could post how they are getting affected by these in a positive way.

What is the eventual effect on real GDP if the government increases its purchases of goods and services by $60,000? Assume the marginal propensity to consume (MPC) is 0.75. $_____________________

What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $60,000? Assume the MPC has not changed. $_____________________

An increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in
a. an identical eventual effect on real GDP.
b. no change to real GDP.
c. a smaller eventual effect on real GDP.
d. a larger eventual effect on real GDP.

Answers

Answer:

$240,000
$180,000
c. a smaller eventual effect on real GDP.

Explanation:

The eventual effect on real GDP of an increase in government purchases is the initial increase times the multiplier. The multiplier is

multiplier = 1 / (1−MPC)

where MPC is the marginal propensity to consume. The MPC is the fraction of an additional dollar consumers spend and 0.75 in this question. The eventual effect of the $60,000 increase is

$60000.0 × multiplier = $60000.0 × 1 / (1 − 0.75) = $60000.0 × 4 = $240000

The eventual effect on real GDP if the government increases transfers by $60,000 can be found by multiplying the transfer increase by the MPC and the multiplier.

$60000.0 × multiplier × MPC = $60000.0 × 4 × 0.75 = $180000

This is the same formula as in the case of government spending except for the additional multiplier, the MPC. When the government increases transfer payments, they effectively pay consumers directly, who only spend 75% (their MPC) of the initial $60,000 transfer.

Note that if MPC is equal to 0.5, then the multiplier is equal to 2. So the eventual effect is

$60000.0 × multiplier × MPC = $60000.0 × 2 × MPC = $60000.0 × 2 × 0.5 = $60000.0

In this special case, the eventual impact of a transfer is equal to the size of the transfer.

Unless the MPC is equal to 1, the eventual impact on real GDP for a change in government transfers will be less than the eventual impact for a change in government purchases.

what is the important factor in the eradication of the social problem? Write any one factor​

Answers

Answer:

9 and 6

Explanation:

9 and 6 is the important factor because you can multiple 9x6=54

ohn eats a bowl of cereal for 3 of his 4 meals each day. He finishes two gallons of milk in eight days. How much milk does John use for one bowl of cereal? (Assume he only uses the milk for his cereal.)

Answers

Answer:

1/2

Explanation:

he uses 1/2 For one bowl of cereal.

most people know me for my writings about the struggles that arose between social classes and forme the basis of communism. my theories are also the basis of the social-conflict approach to sociological studies. who am i ?

Answers

Answer:

That's Karl Marx

Explanation:

What are some ways the different groups of primates communicate differently?

Answers

Answer:

Primates communicate via different sensory channels, including olfactory, tactile, visual and auditory signals. However, signals are often not differentiated based on their sensory modality, but are rather categorized based on the different cognitive mechanisms assumed to underlie their usage (Liebal et al., 2013b).

Explanation:

Mohandas Gandhi helped India win independence through __________.
a: fighting
b: communism
c: nonviolent protests
d: industrialization

Answers

Answer:

non- violent protests

Explanation:

gandhi ji come india and start satyagrah against British and he want to democratic country as india

what service does a financial institution offer to help you track your money?

Answers

Financial Institutions would offer credit cards and checking account services to track money

Answer:

Credit cards

Explanation:

Look at the Map below. Which area was considered the Northwest Territory

Answers

Answer:

3

Explanation:

The Northwest Territory was established by the US Congress in 1787

1 = Free state

2 = Slave states

3 = Northwest Territory

4 = Slave states

Hope this helps!

Which phrase describes the ottman empire

Answers

Answer:

An Indian Islamic kingdom that was tolerant toward Hindus C.

Explanation:

A personality test can't be used to?

A. diagnose mental health conditions .

B. reflect on your own personality type.

C. measure your individual personality traits.

D. show you careers you may be interested in.

Answers

Answer:

A.

Explanation:

Personality tests can not be used to diagnose a mental health condition.

1. If you had to pick just one would you call yourself a boy, man, girl, woman, gender non-binary child or gender non-binary adult?



2. If you identified yourself as a boy, girl or gender non-binary child; when will you become a man, woman or gender non-binary adult?



Or

If you identified yourself as a man, woman or gender non-binary adult; when did you become a man, woman or gender non-binary adult?

Answers

Answer:

1 woman 2 just was destined to be 3 when I was born

Question 5 of 10
The main purpose of the Health Insurance Marketplace is to help people:
A. assess their insurance risks.
B. increase their insurance deductibles.
C. find health insurance plans,
D. extend their health insurance coverage.

Answers

The main purpose of the Health Insurance Marketplace is to help people find health insurance plans.

What is the purpose of Health Insurance Marketplace?

It is a service that helps people shop for and enroll in health insurance matters that affect them.

The Health Insurance Marketplace is a resource where individuals, families, and small businesses can:

Compare health insurance plans for coverage and affordability.Get answers to questions about your health care insurance.Enroll in a health insurance plan that meets your needs.

Hence, the main purpose of the Health Insurance Marketplace is to help people find health insurance plans.

Learn more about Health Insurance Marketplace here : https://brainly.com/question/1941778+

Answer: find health insurance plans

Explanation: because

Describe a situation in which informal learning in a school setting might influence a person's political opinions .

Answers

Answer:

A situation in which informal learning in a school setting might influence a person's political opinions is the teacher letting you watch any video you want online about a political subject, and before they let you begin they mention a specific political issue they feel strongly positive or negative towards, expressing a clear bias that might cause you interest in the subject and make you decide to watch content related to the topic which ends up influencing how you feel about it. I hope this works!

Explanation:

Suppose that the U.S. concrete industry has developed an inexpensive way to make concrete both lighter and stronger. As a result, the full employment level of aggregate output has grown from level A to level B in the graph. Move the SRAS (short‑run aggregate supply), AD (aggregate demand), or LRAS (long‑run aggregate supply) curves to describe how this concrete technology innovation has affected the U.S. economy.

Answers

Answer:

*see image*

Explanation:

The full‑employment level of aggregate output has grown from level A to level B. As such, LRAS shifts to the right from level A to level B.

An advance in technology equates with an increase in productivity. As a result, it increases the economy's ability to produce goods and services. In this case, better concrete lowers the cost of buildings, roads, and sidewalks. Consequently, the long‑run aggregate‑supply curve shifts to the right. It may help to think about being able to produce more buildings for the same amount of money.

Since most people may not even notice a difference in the concrete, the aggregate demand stays constant (i.e., does not shift).

Greg is "laid back." He is comfortable with himself and interacting with others. Greg is low in what?

Answers

Greg is low in intrapersonal communication which is communicating with oneself.

What is Interpersonal communication?

Interpersonal communication involve the exchange of information between two or more people.

It involves sharing of idea, perspective, emotions and feelings with people.

Therefore, Greg is low in intrapersonal communication which is communicating with oneself.

Learn more on communication here,

https://brainly.com/question/26152499


The doctrine that holds the view that historical circumstances are determined by a sequence of economic events
connected to the act of production is known as ............
O A. Economic determinism
O B. Historical materialism
11 a 0
O C. Rationalization
O D. Economic materialism

Answers

B historical materialism

Read the sentences from the text.
In a cotton mill in Georgia, boys and girls had
to climb onto a frame in order to reach and
replace empty bobbins. A bobbin is a kind of
reel for holding thread.
Which word from the sentences is a
homophone for a word that means “not
imagined or made up; actual”?
O A. mill
O B. frame
O C. empty
O D. reel

Answers

Answer:

The answer is reel Explanation: yes

Other Questions
What effect would you expect this to have on CO2 levels in the atmosphere? Xavier opened a savings account with a deposit of $12,000. the account earned simple interest. he did not make any additional deposits or withdrawals. at the end of 3 years, the account balance was $12,324. what is the annual interest rate on this account? Draw an illustration using the given information below (you don't need to answer the question itself and assume that the buildings, ladders, etc. are all on the ground) A bird sits on top of a 5-meter lamppost. The angle of depression from the bird to the feet of an observer standing away from the lamppost is 35. When investors doubt the creditworthiness of a borrower what should happen to the price?. ( 20 Points plus brainliest! )Match these items.1. Germany, Austria-Hungary, Italy 2. England, France, Russia 3. the Iron Chancellor 4. destroyed Bismarck's foreign policy 5. disputed French-German territory 6. an area desired by Germany and RussiaTriple Entente Triple AllianceAlsace-LorraineWilhelm IIBismarckBalkan states help me please quick!!! Which of the following was a result of the items in the list? A. The Han Dynasty was restored in northern China. B. The Sui Dynasty ruled China for centuries. C. Buddhist beliefs spread throughout China. D. China conquered Korea with a massive army. Reading Strategy (page 412)Relating Text and Visuals As you read, look carefully at Pigures 1and 2 and read their captions. Complete the table by describing thework ohown in each figure for more information on this ReadingStrategy, see the Reading and Study Skills in the skills andReference Handbook at the end of your textbookFigureDirectionof ForceOirectionof MotionIs WorkDono?202020412 A101 which recurring decimal is equivalent to the Fraction shown ? 9/11 equals a) 0.8 b) 0.18 c) 0.18 d) 0.18' Where do Grasshoppers have their ears? The climax Second Industrial Revolution during the 1920s included include the production of all ofthe following consumer durable goods exceptA.clothingB.automobilesC.radiosD.washing machines whats a prokaryote? what is a eukaryote? Difference between centralized and decentralized processing in computer NEED HELP ASAP!!!!!!!!! Do you think the concentration of wealth in a few hands is dangerous to a country? Explain your answer Shari wants to learn more about tiger sharks. Which of the following is a statistical question Shari can ask? what is the difference between outdoor activities and playing video games? Which two of the following tactics are most often used by producers to mass-market products?1. the one-price system2. custom-made packaging3. self-service4. wholesale selling In January, Mr. Cooper started a new exercise plan weighing 200 pounds. In March, he found his weight had increased by 5% because the exercise had increased his muscle mass. He added some work on the treadmill to his exercise routine found in May that he had dropped 6% from his March weight. Paul bought 4 DVDs for $9.95 each. What was his total cost?$39.90$40.80$39.80$38.80