Question

In: Economics

Significant problems with measuring real GDP and the price level include a) changes in standards of...

Significant problems with measuring real GDP and the price level include

a)

changes in standards of living.

b)

changes in the number of consumers.

c)

changes in relative price levels.

d)

purchases of used goods.

Solutions

Expert Solution

Answer option)changes in standards of living.

Significant problems with measuring real GDP and the price level include changes in standards of living.

Because it does not measure happiness

Rahul Sunny answered 1 year ago
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