Explain the sense in which GDP accounting is an institution (see the Oxford Dictionary of the English
Question:
Explain the sense in which GDP accounting is an institution (see the Oxford Dictionary of the English Language for a precise definition of an institution).
a. How does GDP as an institution shape our understanding of the economic system?
b. Who benefits from using GDP accounting as a measure of welfare? (Institutionalist)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
GDP is an institution in the sense that it is a social norm that was created in a specific cultural ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
How does government fit into GDP accounting?
-
Use revenue and cost curves to illustrate and explain the sense in which a cartel behaves like a monopolist.
-
The diagram below shows a typical monopolistic-ally competitive firm when the industry is in long-run equilibrium. a. Explain why free entry and exit implies that the long-run equilibrium is at point...
-
A health care facility in a metropolitan area is interested in the efficiency of its laboratory turnaround time. Based on data collected over last year, the mean turn around time was found to be 55...
-
The following table lists the number of text messages sent per day in a sample of college students and a sample of their parents. (a) Compute the mean, the median, and the mode for the college...
-
If you owned and opened three restaurants after you graduated, would you operate from a functional or divisional structure? Why?
-
What is the contribution margin?
-
A spokesperson for Yahoo! doesnt think that Netflixs unlimited vacationtime policy would work at her company: Were a grown up company with over 12,000 employees, she says, and you have to have some...
-
Cash Flow from Investing Activities: Assume your specialty bakery makes gourmet cupcakes and has been operating out of rented facilities in the past. You owned a piece of land that you had planned to...
-
Prove that, among non-preemptive scheduling algorithms, SPN provides the minimum average waiting time for a batch of jobs that arrive at the same time. Assume that the scheduler must always execute a...
-
How do wealth accounts differ from national income accounts?
-
In the expenditure approach of GDP, should G (government purchases) be taken into account within the calculation the same way C (consumption) and I (investment) are measured? If not, is there...
-
Model the total stopping distance by the equation y = x2 / 20 + x, where 20 x represents the speed in miles per hour and y represents the total stopping distance in feet. a. Graph this equation for...
-
The curved rod has a diameter \(d\). Determine the vertical displacement of end \(B\) of the rod. The rod is made of material having a modulus of elasticity of \(E\). Consider only bending strain...
-
If the inertial measurement system were written in C++ according to the design fragment described in Chapter 5, describe the testing strategy you would use. If possible, try to design some test cases.
-
Determine the displacement at point \(C\) of the W14 \(\times 26\) beam made from A992 steel. 8 kip A -5 ft 5 ft. B C -5 ft 5 ft- 8 kip D
-
The beam is subjected to the loading shown. Determine the slope at \(B\) and displacement at \(C\). \(E I\) is constant. Ta Mo C b B
-
A mass, connected to a damper as shown in Fig. 14.30, is subjected to a force \(F(t)\). Find the frequency-response function \(H(\omega)\) for the velocity of the mass. m F(t) y(1) FIGURE 14.30...
-
In Exercise, determine whether the statement is true or false. If it is false, explain why or give an example that shows it is false. If y = (x), is increasing and differentiable, and x > 0, then y ...
-
Describe the general ways that the revised Form 990, applicable for tax year 2008 and beyond, is different from previous versions.
-
Suppose an economys real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of...
-
Suppose an economys real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of...
-
Why are some countries today much poorer than other countries? Are todays poor countries destined to always be poorer than todays rich countries? If so, explain why. If not, explain how todays poor...
-
why should Undertake research to review reasons for previous profit or loss?
-
A pension fund's liabilities has a PV01 of $200 million. The plan has $100 billion of assets with a weighted average modified duration of 8. The highest duration bond that the plan can invest in has...
-
Metlock Limited has signed a lease agreement with Lantus Corp. to lease equipment with an expected lifespan of eight years, no estimated salvage value, and a cost to Lantus, the lessor of $170,000....
Study smarter with the SolutionInn App