If pressed to choose a single indicator of changing living standards, most economists would probably choose real

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

Question:

If pressed to choose a single indicator of changing living standards, most economists would probably choose real GDP growth per capita. Discuss?

Related Book For answer-question

Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

See More Books

Posted Date: Jan 25, 2024 02:35 PM

See More Questions

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
1. To gauge living standards across countries with populations of different sizes, economists use __________. 2. In poor countries, the relative prices for non-traded goods (such as household...
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
Attlee Ltd holds 28% of the issued shares of Nehru Ltd. Attlee Ltd acquired these shares on 1 July 2019 and on this date all the identifiable assets and liabilities of Nehru Ltd were recorded at...
Many golf teaching professionals believe that a greater hip-to-shoulder differential angle during the early downswing-dubbed the "X-Factor"-leads to improved golf performance. The Journal of...
The species that is not aromatic according to Hckels rule is () (b) () (d)
Continuing to focus on evidence associated with the act, concealment, and conversion, use the evidentiary material to continue the examination. In addition, as the examiner also start to think of...
Choosing cost drivers, activity-based costing, activity-based management. Pumpkin Bags (PB) is a designer of high quality backpacks and purses. Each design is made in small batches. Each spring, PB...
A system consists of a large number of identical molecules at equilibrium. Each molecule can be in one of a ladder of energy levels. As shown in the diagram below, the energy levels are uniformly...
During the year, your clients Omar and Maria Mansour had the following investment transactions: Interest and dividend income reported to them: 1099-INT from Chase Bank Interest income (1099-INT from...
Do you think Starbucks will continue to last as there is a shift in customers working from home?
Explain the difference between a cash dividend, a stock dividend, a special dividend, and a stock buyback.
What is the catering theory of dividends and how would it influence a manager looking to improve the value of her firm through dividend policy? What does the empirical evidence say about the catering...
Explain the role of agency conflicts between managers, shareholders, and bondholders in corporate payout policy.
Managerial Motives for Takeovers Outline the managerial motives for takeovers.
Explain the importance of taxes in dividend policy. What are the real world factors that would encourage firms to follow a high dividend policy?
1. The position coordinates of a particle moves along a straight line is given by the relation [ x =t -5t - 8t ]. Determine the time, position and velocity when the acceleration is ( a = 32 m/ sec)....
Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on? a. Your brokers information about record earnings for a stock? b. Rumors about a...
1. Under a price-leadership model, a sudden drop in price by the leader is unlikely to trigger a price war if other firms believe that the price cut was caused by higher ________. 2. Arrows up, down,...
The National Atmospheric and Space Administration (NASA) is ending its space-shuttle program, but has developed programs to encourage firms to enter the market for space flight. Once the shuttle...
Even though federal budget-deficit projections have increased sharply in recent years, they still don t accurately portray the long-run fiscal problems facing the United States. As the population...
Eugene Fama and Robert Shiller recently won the Nobel Prize in economics. Go to http://nobelprize.org/nobel_prizes/economics/ and locate the press release on Eugene Fama and Robert Shiller. What was...
Visit the Bloomberg Markets website at www.bloomberg.com/markets/stocks. Their interactive graph allows you to see cumulative returns for individual stocks as well as market indices. Over the last...
Compute the price of a share of stock that pays a $$5$ per year dividend and that you expect to be able to sell in one year for $$40$, assuming you require a 5% return.

If pressed to choose a single indicator of changing living standards, most economists would probably choose real

Question:

Expert Answer:

Real GDP growth per capita is a commonly used indicator by economists to assess changing living standards and there are several reasons for its promin... View the full answer

Macroeconomics Principles Applications And Tools

Students also viewed these economics questions