Economics
GDP and Welfare
Practice questions
What may generally happen if the government increases spending on primary schools?Which type of economic growth is considered welfare-enhancing?Which is the correct formula for calculating per capita GDP?What does a low infant mortality rate indicate?Which measure is more appropriate when GDP rises only because prices increase?Which of the following raises social welfare but may not be fully reflected in GDP?How can excessive exploitation of natural resources affect welfare?What is necessary to make GDP growth a more reliable welfare indicator?Which conclusion is correct if income growth remains limited to the richest group?Which of the following is a positive indicator of quality of life?What is the main purpose of examining income distribution along with GDP?How is sustainable development related to welfare?Which is the most balanced statement about GDP and welfare?What is an appropriate conclusion if a country's GDP rises but public health services weaken?Which of the following is most helpful in converting GDP growth into real public welfare?If a country's GDP rises but most of the growth is confined to a few large cities what may happen to rural welfare?Output rises in an economy but workers' real wages fall. What does this indicate?If a large part of GDP comes from luxury services while basic health services are weak, what conclusion is appropriate?GDP increased in a country but average daily working hours rose sharply. What should be considered while assessing welfare?If a country's real GDP rises by 8% and population rises by 3%, approximately how much will real output per person increase?