1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
3 years ago
8

"GDP is an imperfect measure of economic​ well-being because it fails to measure what types of​ production?"

Business
1 answer:
almond37 [142]3 years ago
8 0

Answer:

GDP is an imperfect measure of Economic well being because of : Production of  - Non Monetary Exchange goods , Positive & Negative Externalities goods, Negative Impact goods.

Explanation:

GDP is the total value of goods & services produced by an economy during a period of time.

Although reflecting flow of goods & services in an economy, GDP is still not a perfect measure of well being because :

  • Non Monetary Exchange Goods : Services of family members (housewives), leisure production (eg painting) are non monetary.
  • Positive & Negative Externalities Goods: Benefit or harm to un-involved party, without any monetary exchange. Eg - Education, Pollution.
  • Negative Impact Goods : Goods consumption leading to well being loss rather than well being gain. Eg- Addiction (Alcohol / Smoking).

All these goods change well being : Non Monetary Exchange Goods increase well being , Positive Externalities increase welfare , Negative Externalities decrease welfare , Negative Impact goods decrease welfare.

But, these are still not included in GDP evaluation. So, all these make GDP an imperfect measure of well being.

You might be interested in
The Mixing Department of Complete Foods had 62,000 equivalent units of materials for October. Of the 62,000 ​units, 38,000 units
Art [367]

Answer:

Materials

62,000 equivalent units

Conversion

42,800 Equivalent untis

Cost of finished Goods

38,000 x (.75 + .55) = 38,000 x 1.3 = $49,400

WIP

24,000 x .75 = 18,000

4,800 x .55 =    2,640

Total WIP         20,640

Explanation:

Equivalent Units

38,000 complete

20% of 24,000 WIP  = 4,800

Equivalent Units CC = 42,800

x .55 CC = 23540

Materials

62,000 x .75 = $46,500

6 0
3 years ago
Is skyrim special edition worth it if you have the original
xenn [34]
Depends on if you've got it on PC or console. The console versions obviously work on the latest generation machines and come with the texture pack (which has always been free), modding capabilities (better on XBONE) and all DLC's.

So if you're looking to take your PS3/XB360 copy to the next level then I'd say yes, personally.

The PC version gets you the DLC's thrown in and that's all, assuming you don't own any of the DLC's this might be he better value overall depending on offers, so do some research, you're not gaining anything bar the DLC's though, you could already get the texture pack and mod.

Short answer: Consoles: Yes. PC: Only if the DLC's are cheaper that way.
6 0
3 years ago
Read 2 more answers
Beta Company leased equipment from Summer Industries. The lease agreement qualifies as a finance lease and requires annual lease
Tamiku [17]

Answer:

Total increase in pretax earnings on Summer’s December 31, 2019, income statement is $20,253

Explanation:

Fair value of asset sold on lease = Present value of lease payments = $50,000 * Cumulative PV factor at 6% for 8 periods of annuity due

= $50,000 * 6.20979

= $310,490

Interest income for 2019 = ($310490 - $50,000) * 6% = $15,629

Total increase in pretax earnings on Summer’s December 31, 2019, income statement = $310490 - $300,000 + $15,629 - 5866 = $20,253

3 0
3 years ago
Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with intere
Alex Ar [27]

Answer:

The correct answer is letter "A": Account A.

Explanation:

Compound interest is the interest an investor earns on the original investment plus all the interest earned on the interest that has accumulated over time. It is also called <em>interested on interested</em>. The frequency of compounding could be scheduled from daily to annually. The more frequent the compound interest is set, the most beneficial it is for the investor.

In that sense, account A will provide Julian with the highest annual return since it gives him a compound interest on a monthly basis v. annually with account B.

6 0
3 years ago
_______ develops when people favor regional interests over those of a nation as a whole
Marat540 [252]
<span>Sectionalism develops when people favor regional interests over the interests of a whole nation. Restricted narrow interests and local interests constitutes in the concept of Sectionalism. This can bring in a lot of divide among the people of the same country and it can get worse when the concept get more narrowed.</span>
5 0
3 years ago
Other questions:
  • a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be ta
    10·1 answer
  • General motors’ stand against apartheid in south africa was based upon what came to be known as _____. the human rights moveme
    5·1 answer
  • Need answer like, fast.
    13·1 answer
  • Select all the correct answers.
    5·1 answer
  • In the month of March, Ivanhoe Salon services 550 clients at an average price of $150. During the month, fixed costs were $26,88
    9·1 answer
  • The theory of ____________ states that a nation should produce and sell goods to other countries that it produces most efficient
    11·1 answer
  • You purchased Hobo Hats stock last year for $60 a share. Today, you received $2 a share dividend and immediately sold the stock
    10·2 answers
  • What is the primary purpose of insurance
    7·2 answers
  • When a leased property is sold, the previous owner must transfer the security deposit and __________ to the new owner.
    15·1 answer
  • A planned process for providing financial information that will be useful to management.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!