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faltersainse [42]
3 years ago
12

Although people with high incomes appear to be happier than those with low incomes, people in the United States in general have

become less happy over the last 30 years even though real GDP has risen. What are some of the reasons why the increase in real GDP does not always imply greater happiness? Begin with an explanation of GDP.
Business
2 answers:
IrinaK [193]3 years ago
7 0

Answer:

Real GDP is not the direct indication of happiness, because happiness is dependent on a number of other factors, which when combined can result in a happy life.

Explanation:

Real GDP is defined as the measure of the value of the output of the economy, in the macroeconomics, which reflects the money value of all goods and services produced in a given year. Here the output of the economy is also adjusted for the changes in prices occurring in the year.

According the referred application 3 of the book, it is true that the people of United States have become less happy despite the real GDP rise over the last 30 years. This is because the growth of real GDP is not able to cope up simultaneously with the increased workplace stress, jeopardized married life, traffic congestion, health problems and deterioration of environment.

In conclusion, it can be stated that Money does play an important role in increasing the happiness. However the factor alone is not able to cope up with all the problems and this is true only when all the other factors such as a conducive working environment, happy married life, healthy life are also accompanying more money.

Rufina [12.5K]3 years ago
3 0

Answer:

The rise in GDP inflicts a rise in Taxes.

Explanation:

The total value of goods produced and services provided in country during one year it can also be defined as the sum of the market values, or prices, of all final goods and services produced within an economy during a period of time. GDP involves government spending and trading in an economy for instance when American GDP increases that means the government could be spending more as GDP involves private consumption plus gross investment plus government investment plus government spending plus exports minus imports, so if the American government decides to spend money recklessly this can be effective to everyone the rich and the poor.

Increase in GDP can mean that government spends more which the money it spends or invested or saved is collected through taxes so everyone is affected by this action as not everyone is happy because the rich are taxed huge chunks of money and a portion of the poor earn a portion of that tax through government subsidies and support checks.

The relationship between tax and GDP

The higher the GDP the a country e.g. America collects taxes from the nation so taxes definitely increase a lot during the 30 year period where people become unhappy about this even though they have a lot of money to spend than before but the inflation and taxes decrease the value of money and increase the quantity of money in the economy which in turn causes people to be unhappy.  

So countries that collect less taxes have lower GDPs.

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Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to which of the following?A. ethnocentrismB. avail
Advocard [28]

Answer:

E. globalization

Explanation:

-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.

-Availability of supplies refers to having access to the products needed for the business.

-Avoidance of tariffs and import quotas refers to not having limitations like  paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.

-Lower labor costs refers to low salaries.

-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.

According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.

4 0
3 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the followi
Airida [17]

Answer:

$555,900

Explanation:

To determine the FVI amount that should be recorded, all closing costs must be added to the initial purchase price of the land

∴ = $490,000 + $29,000 + $1,900 + $6,000 + $29, 000

 =$555,900.

4 0
3 years ago
What agency provides over 25,000 government publications?
shepuryov [24]

Answer:

Correct Answer:

4. The Government Printing Office

Explanation:

The United States Government Publishing Office is an agency of the legislative branch of the United States federal government with the mandate to inform the Nation by producing, procuring, and disseminating printed and electronic publications of the Congress as well as the executive departments and establishments of the Federal Government.

7 0
3 years ago
A review of the ledger of Wildhorse Company at December 31, 2020, produces the following data pertaining to the preparation of a
Neko [114]

Answer:

Salaries expense 5,190

 Salaries payable   5,190

unearned rent revenue  90940 debit

      rent revenue                90940 credit

advertizing expense  6,800 debit

  prepaid advertising      6,800 credit

interest expense        3,934 debit

        interest payable       3,934 credit

Explanation:

<u>Salaries accrued</u>

5 employes   $750 each = 3750

3 employees $480 each = 1440

Total = 5190

<u>Rent revenue</u>

$6,670 per month x 5 lease x 2 months (from Nov 1st to Dec 31st)  =66700

$6,060 per month x 4 lease x 1 month = 24240

total 90940

<u>advertizing:</u>

8,400 / 12 months x 8 months expired = 5600

9,600 / 24 months x 3 months expired =  1200

total 6,800

interest on note payable:

principal x rate x time

56,200 x 12% x 7/12 = 3,934

8 0
3 years ago
What tab should you choose to select a theme for your presentation?
Deffense [45]

Answer:

design

Explanation:

trust me i made a website and it will be the same for a presentation

3 0
2 years ago
Read 2 more answers
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