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valkas [14]
3 years ago
5

Does a higher GDP imply high welfare. Why?

Business
1 answer:
Ainat [17]3 years ago
8 0

Answer:

All economic value is subjective—free-market prices are determined by how much better off individuals believe a good or service can make them. ... So, in some sense, higher GDP should equate to greater human progress, because it means more valuable goods and services have been created.

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This question is incomplete, the options are missing. The options are the following:

a) For consumer purposes

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Explanation:

To begin with, in the area of law, the term known as <em>"Usury" </em>is refer to the practice that focuses on making the lender richer in unethical ways so therefore that this practice is considered to be the one that makes inmoral monetary loans that try to affect the borrower in order to benefit the lender. One example of the use of this term could be the case in where the lender charges or try to charges a higher interest rate to the borrower than the one that is prohibited by law as a maximun rate.

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How does the mortality pattern and age distribution affect the growth rate?
Sav [38]
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~

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