Increases in real GDP since 1900 can actually underestimate growth in the standard of living for Americans since 1900 because
A) the crime rate was higher in 1900 than it is today.
B) goods and services are more expensive today as compared to 1900.
C) the quality of health care that exists today was not available in 1900.
D) the level of pollution in 1900 was much higher than it is today.
C
Economics
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Monopolies may earn economic losses in the long run
a. True b. False Indicate whether the statement is true or false
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