Business, 05.05.2020 09:10 aweller3898
A nation's technological gains have increased labor productivity and, as a result, the average number of hours worked each week has been falling. How do Gross Domestic Product (GDP) calculations account for this shortening of the average workweek?
A. Neither real Gross Domestic Product​ (GDP) nor per capita real Gross Domestic Product​ (GDP) includes the increase in leisure time that​ results, so the​ nation's actual economic growth will be overstated.
B. Gains in leisure time are not included in Gross Domestic Product​ (GDP), so any increase in real per capita Gross Domestic Product​ (GDP) will understate the​ nation's actual economic growth.
C. Gains in leisure time are​ dollar-valued and included in real per capita Gross Domestic Product​ (GDP) gains.
D. Real Gross Domestic Product​ (GDP) does not factor in an increase in leisure time but per capita real Gross Domestic Product​ (GDP) does.
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 13:50, Jessieeeeey
Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system
Answers: 1
Business, 22.06.2019 19:50, hallkanay7398
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
Business, 23.06.2019 00:30, humpty21
One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
Answers: 1
You know the right answer?
A nation's technological gains have increased labor productivity and, as a result, the average numbe...
Questions in other subjects:
Mathematics, 19.01.2021 14:00
Biology, 19.01.2021 14:00
English, 19.01.2021 14:00
Chemistry, 19.01.2021 14:00
