An increase in domestic output would cause a ________ in net exports and a ________ in the exchange rate

Why is growth in GDP different from growth in a nation's standard of living? Is it possible for a nation's GDP to grow while its standard of living falls?

What will be an ideal response?

The symmetry principle is the requirement that

A) people in similar situations be treated similarly. B) Society's income be distributed symmetrically among its members. C) the poorest 20 percent of households should receive the same total income as the richest 10 percent of households. D) the average person be made as well off as possible.