Real GDP per capita is NOT an adequate measure of

average real GDP per person in the economy.

the well-being of each person in an economy.

a country's average aggregate spending per person.

a country's average aggregate output per person.

Answers

Answer 1

Answer:

the well-being of each person in an economy.

Explanation:

Real GDP per capita is average real GDP per person in the economy. It can be found by dividing real GDP by population. It is a measure of the economy's aggregate output per person which is also a measure of aggregate spending per person.

Richer nations with higher real GDP per capita are typically happier than poorer nations. However, real GDP per capita is a poor measure of the overall well-being of individuals in an economy because real GDP per capita does not measure the many dimensions related to how people live, but rather how much, on average, individuals in a country produce and consume.

Real GDP per capita measures the average level of a country's income, adjusted for inflation. Since, It tracks the average real GDP per person in the economy, option (a) is not valid. Real GDP per capita can also be used as a rough estimate of a country's average aggregate output per person as well as the average spending capacity per person of a country. Therefore, options (c) and (d) are not correct either. The emotional or general well-being of a country's populace is not accounted for in the data used to calculate the Real GDP per capita of a country.


Related Questions

What do the 20 towns that Saleemul Huq plan have in common

Answers

Answer:They have at least 1 million residents

Explanation:

The 20 towns that the Saleemul Huq plan has in common is the approximate population that was present in that region.

What is Saleemul Huq's plan?

The Least Developed Countries' participation in the United Nations Framework Conference on Climate Change is now being supported. He is looking into the effects of adaptation strategies and how vulnerable countries with little development are to climate change.

About 20 subsidiary towns across the nation with a present count of around 500,000 could each take in another 500,000 migrants and a program is being developed to transform these secondary places into climate-resilient, immigrant-friendly communities. This was the most common thing that was presented in the region of these 20 towns under the plan.

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Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries.

Total spending for the federal government of Lilliput for the last fiscal year was $24.19 billion. The country collected $22.9 billion in taxes during this same fiscal year. Assume government transfers were zero.

Based on this information, what is Lilliput's budget balance? Enter your answer to two decimal places.
budget balance: $_____________ billion

In the last fiscal year, Lilliput was running
a. a balanced budget
b. a budget deficit
c. a budget surplus

Answers

Answer:

$ -1.29 billion
b. a budget deficit

Explanation:

Subtracting Lilliput's federal revenues (taxes equaling $22.9 billion) from spending (expenditures equaling $24.19 billion) gives

federal revenue − federal spending − federal transfer payments = $22.9 billion − $24.19 billion = −1.29 billion

When tax revenue exceeds government spending, there is a budget surplus. When spending exceeds taxes, the country runs a budget deficit. When spending is equal to tax revenue, the budget is said to be balanced.

In this case, there is a budget deficit.

Why didn’t the colonies abolish slavery after the Revolutionary War?

Answers

Answer:

The colonies did not abolish slavery after the Revolutinary War was because the United States economy depended on slave labor, and lawmakers did not want to dismantle the economy.

Explanation:

Answer: an attempt to end slavery by federal law would endanger the fragile union of the states.

Explanation:

South World has a total debt of $10 million and an annual GDP of $5 million. It currently pays 4% interest on its debt every year. What percentage of annual GDP does interest on the debt represent?

4%

50%

15%

8%

Answers

The annual interest on the $10 million debt is,

$10 million x 0.04 = $400,000

$400,000/$5,000,000 = 0.08

$400,000 is 8% of the annual GDP of $5 million

“When the United States first won its independence, there were restrictions on who could vote. In some states, only white male landowners that were at least 21 years old could vote. Beginning in 1870, a series of Constitutional Amendments and other laws have extended voting privileges to more and more citizens.”

What evidence in the text supports the statement that “a series of Constitutional Amendments and other laws have extended voting privileges to more and more citizens”?

Answers

Answer:

There is kind of no evidence in the text that proves they've extended it but I'm pretty sure they extended by at least saying you can vote at the age of 21 but you have to a be landowner and only white male, that is bias, and also  but they said some parts

Explanation:

When members of a family system are over involved with each other's affairs and are over concerned with the details of each other's lives, they are said to be:

Answers

An enmeshed family is a kind of family system where family members are usually involved with each other's affairs.

What is an enmeshed family ?

An enmeshed family serves as the type of the family system that are mote concerned about the affairs and well being of each other.

Therefore, enmeshed family usually look out for each other and care about each other.

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What is the capital of New Mexico? (3 points)

a
Santa Fe

b
Salem

c
Austin

d
Juneau

Answers

the capital of new Mexico is

Explanation:

Santa Fe

Answer:

What is the capital of New Mexico?

Explanation:

Santa Fe

High Power Distance Index countries are more egalitarian than low Power Distance Index countries. Group of answer choices True False

Answers

It is a false statement that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries.

What is the difference between the two countries?

A High Power Distance country have a culture that gives great deference to a person of authority while the Low Power Distance country have a culture that values the equal treatment of everyone.

Hence, it is false that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries because both country priotize people having a equal rights and opportunities.

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According to Chapter 8 of your textbook, the three types of entry strategies are __________, ____________, and _____________.

Answers

Answer:

Direct Exporting

Licensing

Partnering

Heyyy Guyssss !!

What are the advantages of industry ?​

Answers

Better use of resources.
Faster manufacturing.
Less machine and production line downtime.
Fewer quality issues with products.

Explanation:

Growth of industries leads to increase in production of goods and services which are available to people at cheaper rates.It reduces dependence on other countries and improves economy.It reduces dependence on other countries and improves economy.It results in rising the standard of living.It reduces dependence on other countries and improves economy.It results in rising the standard of living.It creates new job opportunities helping in the removal of unemployment.

This is a massive ball of plasma that shines because of thermonuclear fusion

Answers

Answer:

star

Explanation:

huge ball of ionized gas (plasma) producing energy (light) by nuclear fusion. The visible surface of the sun (photosphere) is ~5700K. An object at this temperature emits most of its. energy as visible light

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Classify each example as either relating to human capital, physical capital, or technology.

- An increase in adult literacy affects
- An increase in the number of company cars impacts
- An increase in the number of college graduates impacts
- New distribution techniques affect
- An increase in the number of company computers affects
- More people graduating from culinary school affects
- A new cancer treatment affects
- A doctor's knowledge about a new cancer treatment affects

WORD BANK
physical capital.
human capital.
technology.

Answers

Answer:

1. human capital.

2. physical capital.

3. human capital.

4. technology.

5. physical capital.

6. human capital.

7. technology.

8. human capital.

Explanation:

Human capital refers to the knowledge, skills, experiences, capabilities acquired by an individual inorder to the productivity. Physical capital refers to those inputs that contribute in the production process. It basically means the factors of production like land, building, machinery, etc. Technology refers to research, innovations and development. In other words, it means innovating something new.

Human capital is the knowledge and ability that workers have that allow them to perform their job or to perform it better. Some examples of human capital are the knowledge obtained through various types of education and training as in the case of more college graduates, individuals going to culinary school, adult literacy, and doctors learning about a new way to treat cancer.

Physical capital consists of those physical resources that are used in production but that are not inputs in production. Examples of these are company computers and company cars that presumably enhance workers' ability to perform their tasks.

Technology consists of the processes by which capital is employed in the production process. For example, improvements in a distribution process or in cancer treatments are both examples of technologies.

Suggest a way to produce skilled human resource in your school,​

Answers

Answer: Some of the measures to produce skilled human resources in the country are:-

Providing practical and quality education to all.

Developing technical and vocational education system according to the need of the country.

Updating knowledge with developed information technology.

Formulating scientific education policy as per the demand of time.

By applying these measures a country can produce skilled human resources to utilize the natural means and resources for the development.

I hope this answer helped you! ^-^

Explanation:

The boundary between the Pacific Plate and the Australian Plate is a transform boundary. What event is likely to occur at this boundary?

Answers

Answer:

seafloor spreading

Explanation:

The table shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of Kindleberger. The base period for the consumer price index (CPI) is the year 2000. Please specify answers to two decimal places.

CPI for 2000: ___________
CPI for 2011: ___________
CPI for 2012: ___________

Answers

Answer:

CPI in 2000 = 100

CPI in 2001 = 132.53

CPI in 2002 = 186.14

Explanation:

Cost of a basket of goods in the base year (2000) = $4,150.

So, CPI in 2000 = Cost of basket in 2000 * 100 / Cost of basket of goods in base year

= 4150* 100 / 4150

CPI in 2000 = 100

CPI in 2001 = Cost of basket in 2001* 100 / Cost of basket of goods in base year

= 5500 * 100 / 4150

CPI in 2001 = 132.53

CPI in 2002 = Cost of basket in 2001* 100 / Cost of basket of goods in base year

= 7725* 100 / 4150

CPI in 2002 = 186.14

One of the key underpinnings of public choice analysis is the assumption that politicians and bureaucrats

make political decisions based on self‑interest, just as individuals and firms do.

make political decisions based primarily on benefiting future generations.

seek only to maximize long term economic growth through increasing GDP.

act not out of self‑interest but desire to increase the general utility of the public.

Answers

Answer:

a. make political decisions based on self‑interest, just as individuals and firms do.

Explanation:

Public choice analysis is the combination of political science and economics and analyzes political decision making. One key assumption of public choice theory is that politicians are rational, self‑interested, economic agents. Like all other economic agents, they make decisions based on their own self‑interest (specifically, to satisfy constituents and retain their positions). It leads to rise of interest groups, logrolling and rent seeking behavior from the politicians and bureaucrats which leads to inefficiency.

In Louisiana, judges are
To be eligible, a judge must have lived in his or her district for at
least
Justices who serve in the state supreme court are chosen according to
Each
justice serves for a

Answers

The judges eligibility in Louisiana are determined by number of years they have lived in the district, which must be for at least one year.

How are judges chosen in Louisiana?

In Louisiana, the judges are elected through the voting electorate of their districts.

However, their eligibility is determined by the number of years they have lived in the district, which must be for at least one year.

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how to make people to follow rules​

Answers

Answer:

[tex]There \: is \: a \: way \: to \: follow \: rules \: effectively \\ without \: resorting \: to \: breaking \: them.[/tex]

Be guided by values. Values are the principles that guide our behaviour, attitudes and actions. ...Tweak the rules to suit you. Sometimes we follow rules too strictly because we are afraid to question them. ...Simplify. ...Be Authentic. ...Conclusion.

Classify the events according to their impact on aggregate demand (AD).

1. A dramatic decline in the average price of houses will _____________.
2. Increased concern that a recession is looming will _____________.
3. An announcement by the central bank to maintain its existing monetary policy will _____________.
4. A reduction in government spending will _____________.
5. A dramatic improvement in the stock market, causing investors' wealth to rise, will _____________.
6. A recession occurring in a trading partner's economy will _____________.
7. An increase in income tax rates on individuals earning more than $450,000 per year will _____________.

WORD BANK
not change AD.
increase AD.
decrease AD.

Answers

Answer:

1. decrease AD.

2. decrease AD.

3. not change AD.

4. decrease AD.

5. increase AD.

6. decrease AD.

7. decrease AD.

Explanation:

Aggregate demand (AD) measures the total amount of spending that occurs in an economy and can be segmented into consumption spending, government spending, investment spending, and net exports. A key principle in this example is that AD increases when there are increases to any of these individual components of AD and decreases when the individual components decrease.

Several of the events in this example describe direct changes in the components of AD:

    - A reduction in government spending leads to a decline in AD as it is associated with fewer goods and services being purchased.

    - An increase in tax rates reduces disposable income and therefore causes consumption spending to decline.

    - When recessions occur abroad, foreigners purchase fewer imported items. (e.g., a recession in Europe means that American firms will export less to Europe.) Thus, net exports decline as trading partners experience recessions, which causes AD to fall.

    - Consumer confidence also impacts spending in that people are more inclined to make purchases when feeling optimistic and more inclined to save when feeling concerned about the economy.

    - Wealth is another factor that affects AD. People buy more goods and services when they have more wealth and vice versa. Therefore, an increase in wealth associated with rising stock prices increases AD, whereas falling wealth from declining housing prices reduces AD.

    - Changes in the money supply also can lead to AD shifts. When the money supply grows more rapidly, there are increases in spending and the AD shifts to the right, and vice versa. In this example, growth in the money supply is said to be stable, implying that AD will neither increase nor decrease.

Theodosius left a will instructing the Romans to do what after his death?

Answers

Answer:

He decided to have the Roman Empire divided.

Explanation:

How are oceans important to human beings?

Answers

Answer:

ocean give benefits such as swimming and catching fish and also they can move boats and go to islands and explore hope it helps. :)

Explanation:

Explain the difference between a mixed market economy and a mixed command economy

Answers

Answer: Difference between Command Economy System and Mixed Economy System
The economic system is fully controlled by the government, while the economic system is controlled by the private sector and the government.



I hope this help

How does a resource change if it is considered to be scarce?

Answers

Answer:

Explanation:

Because the more resources a company or someone wants it will eventally be limited or run out, as you used up all the resources.

What factors led to a general decrease
in the length of residence requirements among the
States?

Answers

Explanation:

Abstract

BACKGROUND:-

cardio metabolic risk (CMR) factors including hypertension overweight obesity diabetes mellitus and hyperlipidemiaaa raha hai among United States ethnic minorities and the immigrantpopulation continuous to burgeon.

hope u help ful

Cardio Metabolic Risk (CMR) factors, such as hypertension, overweight obesity, diabetes, and hyperlipidemia, continue to rise among American ethnic minorities and immigrants.

What is Cardio-Metabolic Risk (CMR)?

There are a number of risk variables that operate as predictors of someone's propensity to acquire diabetes or cardiovascular disease (CVD). Finding these risk factors is especially crucial because many of the disorders that lead to diabetes and cardiovascular disease may be treated or lessened. These cardiometabolic risk factors (CRF) include prediabetes, high blood pressure, raised triglycerides, low HDL (good) cholesterol, and low HDL (good) cholesterol levels.

Risk factors for thrombosis include irregular blood clotting, abdominal obesity, and thrombosis. Blood testing and physical examinations are used to evaluate a person's cardiometabolic risk. Blood tests are specifically used to monitor a person's glycemic control, lipid profile, and vascular health.

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For the U.S. government, which of the given is NOT an example of discretionary spending?
a. Medicare
b. defense spending
c. science spending
d. Medicaid

For the U.S. government, which of the given is NOT an example of mandatory spending?
a. education spending
b. interest on the national debt
c. Social Security
d. Medicare

Which type of spending currently takes up a larger proportion of the U.S. federal budget?
a. Mandatory spending and discretionary spending take up an equal amount.
b. mandatory spending
c. discretionary spending

Answers

Answer:

- Medicare

- Education spending

- Mandatorym spending

Explanation:

Discretionary spending is subject to an annual appropriation process by Congress. In contrast, mandatory spending is authorized by permanent laws and therefore can not be easily changed.

The answer to the first question is that Medicare is not a type of discretionary spending. Medicare is a type of mandatory spending. Discretionary spending includes defense, science, income security (including Medicaid), transportation, environment, education, veterans' benefits and services, etc.

The answer to the second question is that education spending is not a type of mandatory spending. Spending on education is a type of discretionary spending. Mandatory spending includes Medicare, Social Security, interest on the national debt, food stamps, TANF (temporary assistance for needy families), etc.

The answer to the last question is that the majority of the budget is spent on mandatory spending items. Mandatory spending accounts for about 60%, whereas discretionary spending accounts for about 40%.


Monopolies are usually harmful to economies because they:

Answers

D. Because if they own everything, they can jack up prices

Philosophy of Mind studies only the brain and
how it affects the body and the outside physical
world.
O True
False

Answers

Philosophy of mind is the philosophical study of the nature of the mind, mental events, mental functions, mental properties, and consciousness, and of the nature of their relationship with the physical body: the so-called mind-body problem.

No, the philosophy of Mind does not studies only the brain and how it affects the body and the outside physical world. So, the correct answer is False

A subfield of philosophy called philosophy of mind investigates the nature and ontology of the mind as well as how it interacts with the body. The hard problem of consciousness and the nature of particular mental states are addressed, but the mind-body dilemma is a paradigmatic topic in philosophy of mind. The mind's ontology, the nature of cognition and thought, and the connection between the mind and body are some of the aspects of the mind that are being explored. Other aspects of the mind that are being examined are mental events, mental functions, and mental qualities.

The brain is not the only element that is explored in the philosophy of mind, but it is unquestionably a significant component.

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what do you do to protect the heritage in your community? write any one activity.​

Answers

Answer:

creating public awareness among the people about the importance Heritage.

Select all the correct answers.
What are two reasons why the US government sent expeditions into the Louisiana Territory in the 1800s?
The government wanted to learn about the strength of the French military in the area.
A: At that time, many Americans traveled there to search for gold and precious stones.
B: At that time, Americans knew very little about the geography of the area.
C: The government wanted to establish friendly ties with American Indians there.
D: The government wanted to prepare for a coming war against Great Britain.

Answers

Answer:

B. I do not know the second one

Explanation:

it makes sense that americans knew very little about the area at the time since they had just bought the territory

HELP ASAP-WILL GIVE BRAINLIEST-NO FILES
How did voting in ancient Rome change over time?

A. Citizens started to vote on what was best for the whole of the Roman Empire.

B. Citizens only voted for what was best for the community

C. Citizens were required to vote based on the needs of others and not themselves.

D. Citizens began to vote based on self interest or what was best for themselves.​

Answers

Answer:

D

Explanation:

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