If measurement errors did not exist, real per capita GDP would be an undeniably accurate measure of human welfare.

Answer the following statement true (T) or false (F)

False

Real per capita GDP, even if measured correctly, is a measure of market activity, not human happiness.

Economics

You might also like to view...

A new loan results in an increase in the customer's checking account and the bank's demand deposits

a. true b. false

Economics

Which of the following is an investment institution?

A) The New York Stock Exchange B) Greater Illinois Savings and Loan C) Prudential Insurance Company D) Fidelity Magellan Mutual Fund

Economics