Sec 23.5 MC Is GDP a Good Measure of Economic Well-Being

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1、1. GDPperpersontellsustheincomeandexpenditureofthe a. richestpersonintheeconomy. b. poorestpersonintheeconomy. c. averagepersonintheeconomy. d. entireeconomy.ANSWER:  cPOINTS:  1DIFFICULTY:  EasyREFERENCES:  IsGDPaGoodMeasureofEconomicWell-Being?QUESTION TYPE:  MultipleChoiceHAS VA

2、RIABLES:  FalseLEARNING OBJECTIVES:  ECON.MANK.15.115.28e-LO:Identifyifascenarioisnottrulycapturedbyacountry'sGDP.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  DISC:MeasuringOutputGDPKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:11PMDATE MODIFIED:  9/21/20161:4

3、5PMCUSTOM ID:  001.23.5-MC-MANK08QUESTION ID:  JFND-GO3A-ERHD-YC4RQUESTION GLOBAL ID:  GCID-E7BW-1TBP-CO4D-QP3S-GWHD-OC3O-C3TN-4CJO-GPTN-4AJW-GW4N-4CTW-8FUN-4CBT-GC4D-YAJ1-GTDI-GWN8-EPRW-EMMG-GYHD-1QJ1-GC5U-RPMR-8RSS-KPJO-CRSU-O3BT-GOSU-EC5F-GHSS-NC3U-CO3D-QAUN-E7JI-YT4D-JFNN-4OTI-

4、GO4W-NQNBEE2. GDPisusedasthebasicmeasureofasociety'seconomicwell-being.Abettermeasureoftheeconomicwell-beingofindividualsinsocietyis a. savingperperson. b. GDPperperson. c. governmentexpendituresperperson. d. investmentperbusinessfirm.ANSWER:  bPOINTS:  1DIFFICULTY:  ModerateREFERE

5、NCES:  IsGDPaGoodMeasureofEconomicWell-Being?QUESTION TYPE:  MultipleChoiceHAS VARIABLES:  FalseLEARNING OBJECTIVES:  ECON.MANK.15.115.28e-LO:Identifyifascenarioisnottrulycapturedbyacountry'sGDP.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  DISC:MeasuringOutputGDPKEYWO

6、RDS:  BLOOM'S:ComprehensionDATE CREATED:  9/19/20161:11PMDATE MODIFIED:  9/21/20161:45PMCopyrightCengageLearning.PoweredbyCognero.Page 15CUSTOM ID:  002.23.5-MC-MANK08QUESTION ID:  JFND-GO3A-ERHD-YC4DQUESTION GLOBAL ID:  GCID-E7BW-1TBP-CO4D-QP3S-GWHD-OC3O-C3TN-4CJO-GPTN-4AJW-GW4N-4

7、CTW-8FUN-4CBT-GC4D-YAJ1-GTDI-GWN8-EPRW-EMJZ-CA4S-RCMG-CA5U-1CMN-CRSU-KQDG-CESU-R3UB-GOSU-OPTT-8RSU-O3BT-CO4D-RC5R-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE3. Whichofthefollowingisatruestatement? a. Internationaldataleavefewdoubtsthatanation’sGDPperpersonisassociatedwithitscitizens’standardof

8、living. b. Richandpoorcoun