List five shortcomings of GDP which result in GDP not accurately measuring a country's well being
What will be an ideal response?
GDP does not include the underground economy.
GDP does not include household production.
GDP does not account for the value of leisure.
GDP does not account for economic "bads."
GDP reveals nothing about the distribution of income.
Economics
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What do Fannie Mae and Freddie Mac have in common?
A) They are both investment banks. B) Both firms issue bonds on behalf of the government. C) Both firms went out of business in the 2008 financial crisis. D) They are both pension funds. E) They are both government-sponsored mortgage lenders.
Economics
Over the last half-century, which of the following countries has had the highest growth rate of output per capita?
A) Japan B) France C) United Kingdom D) United States
Economics