Answer:
it does not measure quality-of-life factors ; it does not account for distribution of wealth ; it fails to measure non monetary (home production) activities
Explanation:
Real GDP is the total value of goods & services produced in an economy, during a period of time. But it is not correct measure of welfare level.
- It does not measure non monetary production, like hobby production eg kitchen gardening, self made paintings, music. But, they increase welfare
- It does not take into consideration the qualitative factors affecting welfare like pollution, crime & literacy. Externalities cause extra benefit or harm to welfare level, but are excluded from GDP.
- Inequitable distribution of per capita (average) GDP increases rich poor standard of living divide. So, the distribution effect ignored make GDP an inapt measure of average welfare level.
Real GDP adjusts the value of goods & services for price change (Inflation), it is a correct measure of increase in real flow of goods & services. GDP & health positive correlation is a favouring point for GDP as a measure of welfare. So, these options are incorrect.
The common factor between intentional torts, negligence, and strict liability is that D. They show that the defendant was at fault.
<h3>What do the above have in common?</h3>
Intentional torts refer to when a person commits a wrongful action on purpose while negligence refers to a failure to uphold one's duty.
Strict liability is when a person is liable for committing what they are accused of.
In all these cases, the defendant is at fault which means that the best option is therefore option D.
Find out more on strict liability at brainly.com/question/2669139.
Answer:
The correct answer is letter "D": negatively; rises; falls.
Explanation:
A bond coupon rate is the amount of interest incoming earns each year based on its face value. A bond yield to maturity is the total estimated return if the bond is held until maturity. When the bond is first issued, the bond coupon and the yield to maturity are the same. Later on, due to interest rates, the coupon rate could increase or decrease causing the face value of the bond to move in the same direction. However, the yield to maturity will move in equal but different direction.
Answer:
- Government controls industry through policy
- Government is both a consumer and a producer
- Government can use policy to influence the economy.
Explanation:
The government can use fiscal policy to influence the economy. It adjusts taxes and spending to direct the economy in the desired direction.
As an institution, the government is a big spender in any economy. Government spending determines the level of production and consumption, which are key macroeconomic indicators.
The government influences the monetary policies in place. By directing the monetary policies, the government controls the borrowing and expansion of businesses and industries.