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
alexgriva [62]
3 years ago
6

6.5. Does Spending Measure Welfare? Suppose a community spends $1 million on salaries and equipment for its police department. B

ecause it believes that citizens are now more law-abiding, the community decides to cut back on the number of police it employs. As a result, the community now spends $800,000 less on police officers. The crime rate remains the same.
a. What happens to measured GDP?

b. Does GDP accurately reflect welfare in this case?

Discuss the underlying issue that this example poses.
Mathematics
1 answer:
marta [7]3 years ago
8 0

Answer:

(a) Measured GDP will decrease by $200,0000

(b) No

Step-by-step explanation:

(a) Gross Domestic Product (GDP) is the total value in monetary terms of al the goods produced in a geographic location.

There will be a $200,000 decrease in the value of the GDP of the community as a result of reduction in the community spending from $1 million to $800,000.

(b) Generally, GDP is not a true indicator of welfare, likewise in this case, GDP does not reflect the welfare of the community.

There's a decrease in the community spending from $1 million to $800,000 but there's an increase in the welfare of the community as a result of decrease in crime rate.

You might be interested in
Find the mean, median, and mode of the following set of data:
ddd [48]

Answer:

Step-by-step explanation:

mode is means the data which is repeated maximum number of times.

here 54 is repeated maximum number of times so the mode of the given data is 54.

to calculate median u must arrange the data from ascending to descending order.

37 , 42 , 48 , 51 , 52 , 53 , 54 , 54 , 55 ,

median = (N + 1) /2    (N means number of data)

=9 + 1/2

=10/2

=5 th term

=52

7 0
3 years ago
Read 2 more answers
Your sister helped you get a dream job at a designer clothing store and one of the perks of the job is that you get 15% off all
Arturiano [62]

Answer:

$197.30 revenue.

Step-by-step explanation:

As long as we realise that 15% = $237.50 total revenue - 15% of that revenue $40.20 and the other 15% was totaled prior and kept to one side as seen as expenditure.

revenue = r  clothing purchase = p

r = (25 x 10 -12.50) - (p15% of e235)

r = (250 - 12.50) -( e235- p23.5 +11.73)

r = (237.50) - (expenditure 235- p35.73)

r = 237.50 -(expenditure 199.27)

r= 237.50

e = 199.27

p = 35.73

Answer with out including expenditure your sister revenue was $237.50

The 15% deduction cannot be confused with the deduction from clothes.

If we were to calculate 15% of $237.50 this would be 23.7+ 16.85 =$40.2

A different  Salary related 15% contribution payments = $40.20

If these were taken from $237.50

Then $237.50- $40.20 = $197.30 revenue, but we do not have to show expenditure in the total only the workings, which is still owed being $199.27- $40.20 already paid towards.

Extension = This means because $40.20 was deducted then expenditure still to be deducted outside of the question would be   e. $199.27 - $40.20 = 159.07 still owed. Saying that the 15% was to pay your sisters contribution to the clothes and not to the state.

5 0
4 years ago
What is the property of 1 • 4y = 4y
nikklg [1K]
Identity property of multiplication is used here because any factor multiplied by 1 is itself.
7 0
3 years ago
Worth 10 need help due today
cricket20 [7]
E. all of the points above
4 0
3 years ago
How many vertices does a triangular prism have?<br> 04<br> O 5<br> 06<br> 09
ZanzabumX [31]

Answer:

It has 6 vertices. As what you listed 06.

5 0
3 years ago
Other questions:
  • Help mee plsssss )))):
    13·1 answer
  • Help please!
    11·2 answers
  • If f(x) = 2x – 5 and g(x) = x +4, then f(g(2)) =
    9·1 answer
  • 1992
    14·1 answer
  • Jayden takes out his family for a nice dinner at Applebee's. If the food total comes to $78 and leaves a 20% tip, how much tip d
    14·1 answer
  • If 12% of a number is 24 what is the number Pls Answer fast
    11·2 answers
  • Please help school is literally about to end
    5·2 answers
  • Elizabeth has half as many CDs as Jennifer. Which equation would represent the number of CDs that Jennifer has? (Let e = the num
    9·1 answer
  • SOMEONE SOSSS PLSSSS
    14·1 answer
  • Find the system if equations it has to be in x and y coordinate
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!