List four things considered to be shortcomings in the determination of GDP in relation to the use of GDP as a measure of welfare
What will be an ideal response?
transactions in unorganized markets, leisure time, the underground economy, changes in the environment
Economics
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When displaced workers require retraining before entering the labor force again, it is the result of ________ unemployment
A) structural B) cyclical C) seasonal D) frictional
Economics
The Gramm-Rudman-Hollings Act of 1985 was designed to set a timetable to
a. reduce the national debt to zero b. replace the progressive income tax with a flat-rate tax c. make Social Security fiscally sound d. replace the Social Security tax with a value-added tax e. reduce deficit spending
Economics