Despite some problems, higher real GDP per person does imply higher living standards because it tends to be positively associated with:
A) crime, pollution, and economic inequality.
B) better education, health and life expectancy.
C) poverty, depletion of non renewable resources, and congestion.
D) unemployment, availability of goods and services, and better education.
Correct Answer:
Verified
Q76: All the following statements are correct except:
A)
Q77: A measure of an economy's net economic
Q78: The most reliable measure of economic performance
Q79: GDP is not satisfactory measure of economic
Q80: High real GDP countries tend to have
Q82: If nominal GDP grows by 7%, while
Q83: GNP is a perfect measure of economic
Q84: The GDP deflator is used to adjust
Q85: In any year GDP at current prices
Q86: Gross domestic product and gross national product
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