Real GDP is not a perfect indicator of economic welfare because ________
A) it includes the underground economy
B) it includes a direct measure of health and life expectancy
C) it underestimates inflation
D) economic welfare depends on many factors not measured or not measured accurately by real GDP
D
Economics
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The most important factor in the demise of the debt peonage in the post-Civil War South was:
a. the impact of the boll weevil. b. improved roads. c. the automobile. d. increased urbanization and industrialization.
Economics
Based on the above information, at what price does the firm consider shutting-down?
a. $45 b. $ 40 c. $95 d. $85
Economics