Gross domestic product (GDP) is:
A. a stock.
B. a flow.
C. both a stock and a flow.
D. neither a stock nor a flow.
Ans: B. a flow.
Economics
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Discuss what you believe might be one of the disadvantages of using the Gini coefficient
What will be an ideal response?
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Emotions like guilt and sympathy:
A. reduce the likelihood that a transaction will maximize total economic surplus. B. can solve commitment problems, but generally reduce players' payoffs. C. are irrelevant to economic decision-making. D. can solve commitment problems.
Economics