How do economists measure the success, or shortcomings, of the economy?

Social Studies

1 answer:

ZanzabumX [31]3 years ago

5 0

Answer:

GDP is a useful indicator of a nation's economic performance, and it is the most commonly used measure of well-being. ... The failure to account for the costs imposed on human health and the environment of negative externalities arising from the production or consumption of the nation's output.

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A study of how wealth is created and distributed

Liula [17]

I believe what you're looking for is economics, but I could be wrong.

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3 years ago

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The approach assumes that events are governed by some lawful order.

DerKrebs [107]

Answer:

scientific

Explanation:

A scientific method can be defined as a research method that typically involves the use of experimental and mathematical techniques which comprises of a series of steps such as systematic observation, measurement, and analysis to formulate, test and modify a hypothesis.

A hypothesis is considered to be tentative or an educated guess and can be defined as a testable explanation for an observation or a scientific problem. An example of a hypothesis is saying, Corona virus is caused by the introduction of the "5G" technology.

Thus, for any hypothesis to be true and acceptable in science, it must be supported by observations and the results of control experiments; this give rise to factual informations, theories and by extension solutions to problems. Consequently, we can deduce from the aforementioned paragraphs that a scientific method is simply an organized way to test scientific ideas and hypothesis.

Basically, the goals of science include the following;

I. Measurement and description of events or subjects that are being studied through research and experimentation.

II. Understanding and prediction of the natural and physical world by understanding the reason for each occurrence.

III. Application of scientific laws and control of mechanisms to proffer solutions to practical or real-life problems.

<em>In conclusion, the scientific approach assumes that events are governed by some lawful order by uncovering all of the laws or consistencies associated with them.</em>

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2 years ago

You have launchpad open in your browser and you need a refresher on what the duplicates command does. where would you navigate t

AlexFokin [52]

If you need to navigate from the launchpad to to place that would help you get a refresher on what the duplicate command does, go to Help Docs.

Help Docs are a utility in your browser that tell you more about tools that you don't have much information about. They tell you about different commands such as the DUPLICATE command and all you need to do is to search for the command and the information will be presented to you.

Community will not help you find out more about the DUPLICATE command directly because it involves talking to others in the community. Tech Support is only helpful if you have a problem with the ACL Analytics tool.

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