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pashok25 [27]
3 years ago
6

Suppose the government passes a law eliminating holidays and, as a result the production of goods and services increases because

people work more days per year (and thus enjoy less leisure per year) Based on this scenario which of the following statements is
a. GDP could either increase or decrease because GDP includes leisure
b. GDP would definitely increase despite the fact that GDP includes lelsure
Business
1 answer:
dedylja [7]3 years ago
6 0

Answer:

The correct answer is GDP would definitely increase because GDP excludes leisure.

Explanation:

The GDP does not measure the level of development of a country, nor does it measure the quality or level of its educational system or its health. Come on, that the quality of life in general is not measurable by GDP, although it is true that countries with a higher GDP per capita can afford better health or education services, as well as better infrastructure and services in general.

It does not measure the state of the environment or the damage caused to it or natural resources by the economic activity carried out. In other words, GDP does not report externalities, that is, it does not reflect the total social benefits and costs derived from economic activity.

GDP does not measure the quality of the goods and services produced. The GDP figures are only numbers that do not take into account exactly what is being produced or what is the quality of what is produced. This prevents, for example, comparing production between different eras. Does a computer add up to GDP now than in the 80s? The answer is no. Does a country of services add up to an oil exporter? The answer is also no.

It ignores the value of elements that contribute to maintaining the level of well-being of the population, such as leisure or freedom. In freer countries or in which its inhabitants have more leisure time and better options in which to invest it, well-being is much greater.

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emmasim [6.3K]

Answer: $100 million

Explanation:

National Income (GDP) for a close nation is calculated as:

= Consumption + Investment + Government spending

Making investment the subject would give us:

Investment = GDP - Consumption - Government spending

= 400 - 150 - 150

= $100 million

3 0
3 years ago
Jaune Magazine (JM) must decide whether or not to publish a tell-all story about a celebrity. If the story ends up having major
Nataliya [291]

Answer:

The correct option is A, risk averse

Explanation:

Risk aversion is a situation where a person undertaking a business or an investor tries as much as possible to limit exposure to losses by taking drastic steps to ensure the losses do not materialize.

The publisher in this case is conscious of facing the lawsuit that could result from publishing story and has taken a precautionary measure by not even venturing into the publishing ,let alone a  lawsuit with substantial amount in damages rears its ugly head.

A risk seeking investor would go ahead with the publishing since success could bring a juicy income

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Ainat [17]

The International Energy Agency provides insights into energy use and carbon emissions for the future in the form of exploring different scenarios, which are not actual projections.

<h3 /><h3>What are the goals of the IEA?</h3>

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Therefore, the IEA uses an approach to identify future trends on the sustainable energy transition, and is not really a tool for forecasting the future of global energy.

Find out more about renewable energy here:

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5 0
2 years ago
Carmen is the vice president for marketing for nita's web design. she also sits on the board of directors. carmen would be consi
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An inside director.

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5 0
3 years ago
In an effort to simplify the multiple production department factory overhead rate method, the same rate can be used for all depa
Free_Kalibri [48]

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