Ask Question
BusinessBusiness
21 August, 14:00

Gdp

a. is used to monitor the performance of the overall economy but is not the single best measure of a society's economic well-being.

b. is used to monitor the performance of the overall economy and is the single best measure of a society's economic well-being.

c. is not used to monitor the performance of

+4
Answers (1)
  1. 21 August, 15:18
    0
    The answer should be A.

    The reason for this is that the GDP separate between people. For example, a few people could be very rich and make large contributions to the GDP, while the rest of the population could be poor. The GDP would indicate that the economic well being of the country is quite good, because it is high, but in reality the economic well-being of the society is not that good.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gdp a. is used to monitor the performance of the overall economy but is not the single best measure of a society's economic well-being. b. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If the hourly wage of German workers is $6, the hourly wage of Canadian workers is $10, and German workers produce half as much output per hour as Canadian workers, all else equal, it would be efficient to locate production facilities in:"
Answers (1)
During its first year of operations, Connor Company paid $46,750 for direct materials and $19,500 in wages for production workers. Lease payments and utilities on the production facilities amounted to $8,500.
Answers (1)
Bradley, the president of Commerce & Trade, Inc., claims that certain actions by the federal government and the state of Delaware infringe on rights guaranteed by the Bill of Rights. All of these rights limit a. none of the choices. b.
Answers (1)
What is the first step on dealing with an injured relationship? A. Just letting things work out B. Recognizing there's a problem C. Ignoring the problem D. Yelling at the person you're fighting with
Answers (2)
Which one of the following is an example of a period cost? Select one: A. A change in benefits for the union workers who work in the New York plant of a Fortune 1000 manufacturer B.
Answers (1)
New Questions in Business
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers. After an year, he closed the school and joined an advertising firm.
Answers (1)
Ben learns that the company was going to be laying off several employees over the next several months. He knew that the rumor mill was going to start, and he wanted to head off mis-information and get ahead of the curve.
Answers (1)
A new investment product, housing revenue bonds, requires expertise in back-office processes, accounting policy, legal issues, and, of course, a portfolio manager's judgment on value.
Answers (2)
A potato chip manufacturer currently has a manufacturing line devoted to regular chips as well as individual lines dedicated to each variety, such as barbeque, sour cream and onion, and cheese.
Answers (1)
Which of the following is an example of procedural norms? method of making decisions format of discussion election of leaders all of the above
Answers (1)
Home » Business » Gdp a. is used to monitor the performance of the overall economy but is not the single best measure of a society's economic well-being. b.
Sign Up Forgot Password?