Olivia was accepted by Northwestern and by another university. She is trying to decide where to go. Which of the following should influence her decision?
a. how much she spent applying to Northwestern, and the difference between living expenses at Northwestern and the other university
b. how much she spent applying to Northwestern, but not the difference between living expenses at Northwestern and the other university
c. the difference between living expenses at Northwestern and her second choice, but not how much she spent applying to Northwestern
d. neither how much she spent applying to Northwestern nor the difference between living expenses at Northwestern and her second choice
c
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Which of the following is NOT a reason that real GDP is a poor measure of a nation's economic welfare?
A) Real GDP omits measures of political freedom. B) Real GDP does not take into account the value of people's leisure time. C) Real GDP does not include the underground economy. D) Real GDP overvalues household production.
What are the principal sources of change in productivity growth?
What will be an ideal response?