Explain why gdp is not a good indicator of standard

Assignment Help Macroeconomics
Reference no: EM133559386

Question:

Explain why GDP (or GNP) is not a good indicator of standard of living in two countries with two references.

Reference no: EM133559386

Questions Cloud

Explain different approaches within cognitive psychology : PSY 4012- Explain different approaches within cognitive psychology. Demonstrate knowledge of ethics within the domain of cognitive psychology.
Define price ceiling and price floor and give an example : Define price ceiling and price floor and give an example of each. Which leads to a shortage? Which leads to a surplus? Why?
What has been happening with earth ozone layer : What has been happening with Earth's ozone layer? A hole has formed over Antarctica. CFCs are forcing the ozone to move into the thermosphere.
How much is total gdp in country a : How much is total GDP in country A? How is GDP split among its three different uses? If all these 130 households pay the same amount of taxes each
Explain why gdp is not a good indicator of standard : Explain why GDP (or GNP) is not a good indicator of standard of living in two countries with two references.
About our physical natural resources : You have learned about our physical natural resources (water, soil, and minerals) and how our lifestyle choices have put the health
What was eric meyer goals aspirations in developing : What was Eric Meyer's goals/aspirations in developing the Haystack app? Why did he become hated for the app? How would you categorize the good that is desired
Explain the transtheoretical model or stages of change : Explain the Transtheoretical model or stages of change. Choose an example of a time in your own life where you tried to change a behavior.
Find employment status data based on race : Find employment status data based on race. What is the Black or African American Unemployment rate? Is it high or lower than the national unemployment rate

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is the firm optimal markup of price over marginal cost

If the marginal cost is $10 per unit, what is the firm's monopoly-optimal price?

  Suppose that bank of america makes the maximum loan they can

Suppose that Bank of America makes the maximum loan they can from the funds you deposited. Use a T-account to show the initial effect on Bank of America's balance sheet from granting the loan

  Draw a figure showing the demand curve

a- Draw a figure showing the demand curve and the supply for boxes of chocolates. What is the market equilibrium price and the market equilibrium quantity?b.If the price of chocolates is $17.00 a box, will there be a surplus or a shortage? Of how man..

  How much hcl must be used in making

How much HCl must be used in making 62.1 mL of 0.586 M HCl from a 3.9 M stock solution?

  Explain which of the four components of gdp had

Discussion Question: "GDP"- Explain which of the four components of GDP had, or is having, the greatest positive impact in our economy.

  How does the textbook model of fiscal policy compare to real

How does the textbook model of fiscal policy compare to real life application of fiscal policy in the present? Specifically, why is the textbook model limited? What does it ignore? Be specific.

  What is wage-price rigidity

What is wage-price rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?

  Determine optimal scams need for external funds

The Optimal Scam Corporation would like to see its sales grow at 20% for the foreseeable future. Its financial statements for the current year are presented below.

  Cost and measurement analysis

Identify two non-current assets and comment on how Yahoo values these two assets in the balance sheet. Does the Yahoo have other alternatives as to how they could value the two assets?

  What are the bank actual and required reserves

What are the bank's actual and required reserves? What action can the bank take and why would it do this? Over time what could be expected to happen to the money supply? Explain

  Analyze the effects on the merchandise trade balance

Analyze the effects on the merchandise trade balance, the international investment income account, the current account, the capital account, and the official settlements account.

  What is steady state value of y in solow growth model

If the production function is y = √(k), what is the steady state value of y in the Solow Growth Model with labour-augmenting technological progress at rate g, population growth at rate n and depreciation of capital at rate d

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd