The Genuine Progress Indicator is an alternative measure to economic activity. a. Is the Genuine Progress Indicator

Question:

The Genuine Progress Indicator is an alternative measure to economic activity.

a. Is the Genuine Progress Indicator a subjective measure of the economy? Explain your answer.

b. Is GDP a subjective measure? Explain your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

See More Books

Question Posted: Dec 05, 2018 06:33 AM

See More Questions

In this discussion question, you will discuss the pros and cons of GDP and growth as a measurement of well being. Explore one of the following links to address the question posted below. "Measures of...
Unlike GDP, the Genuine Progress Indicator measures the costs as well as the benefits of economic growth by accounting for how production and consumption create social ills such as inequality and...
Vale S.A., a Brazilian mineral products company, provided the following note on a voluntary basis in its 2009 annual report: 11Cash Generation (Unaudited) Consolidated operating cash generation...
Which of the following pairs of steps in the programming process is in the correct order? a. Code the program, plan the logic b. Test the program, translate it into machine language c. Put the...
Why are the degrees of freedom for the t distribution and the degrees of freedom for sample variance the same?
An article in the Economist noted that in the first half of 2015, the value of Canadian oil exports declined and that "energy firms, which account for around a third of capital spending, are expected...
You are calling on a very large company that has the potential to become your largest customer. How could your sales manager help you be successful in negotiations with this potential customer?
Ringo loves playing rock n roll music at high volume. Luciano loves opera and hates rock n roll. Unfortunately, they are next-door neighbors in an apartment building with paper-thin walls. a. What is...
IBM Corporation was the leading manufacturer of electronic computers in the world. Based on its internal memoranda, IBM's long-run total cost of producing various quantities of its Pisces (370/168)...
A gas at upstream condition (T1 ,P1) is throttled in a downstream pressure of 1.2 bar. Use the Redlich / Kwong equation to estimate the downstream temperature and S of the gas for one of the...
When is the multiplier model more appropriate: for small or large changes in aggregate demand?
Austrian economist Murray Rothbard has argued that government intervention during 1929 made what could have been a 1-year recession set off by the stock market crash into a 12-year depression. He...
Tanker Tech-Tethers produces an electronic dog collar. The annual budget for the collar production in the current year was: Prepare an end-of-year budget variance report using: ¢ Static...
Explain, how digital transformation would impact on the financial advisor's role?
1. Consider the following block diagram: R(s)+ C(s) G(s) G(s) C() 1.1 (15 p.) Reduce the block diagram to a single transfer function 1.2 (15 p.) By using signal flow graph, determine the transfer...
Define and describe the methods for mitigation and/or resolution which methods are available to the Builder, Owner, and both parties. Describe the similarities and/or differences between the two...
Required 1 Required 2 Required 3 Required 4 Determine the break-even time for this investment. (Enter cash outflows with a minus sign. Round your break-even time answer to 1 decimal place.) Year Net...
Explain how constant growth is affecting the discounted cash flow approach in calculating the WACC?
How can marketers use means-end chain analysis, the Rokeach Value Survey, and the List of Values?
Making use of the tables of atomic masses, find the velocity with which the products of the reaction B10 (n, ) Li7 come apart; the reaction proceeds via interaction of very slow neutrons with...
Suppose the federal government cuts taxes and increases spending, raising the budget deficit to 12 percent of GDP. If nominal GDP is rising 5 percent per year, are such budget deficits sustainable...
You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of...
You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of...
Research the different processes involved during the planning phase of a project. Identify the tasks and techniques associated with each of these processes. Prepare diagram where you relate...
How do cultural norms and values intersect with social structure, influencing patterns of behavior, identity formation, and societal organization ?
We manufacture breakfast cereal at our factory in Toad Suck, AR. Our current selling price is $2.40 per box, F.O.B. our shipping dock (our customers pay shipping expenses). Our gross profit margin is...

The Genuine Progress Indicator is an alternative measure to economic activity. a. Is the Genuine Progress Indicator

Question:

Step by Step Answer:

a Like all measures that focus on different aspects of what is being measu...View the full answer

Macroeconomics

Students also viewed these Business questions