Economics
GDP and Welfare
Practice questions
Which conclusion is appropriate if GDP and unemployment both rise?Which expenditure may be called defensive expenditure?What is the general effect of more employment opportunities on welfare?When is a broker's service included in GDP?Which of the following is a non-economic aspect of human welfare?Why can excessive use of natural resources reduce future welfare?What can a more equal distribution of income promote?Why is a volunteer's free service generally not added to GDP?What may happen to welfare if the crime rate falls in an area?Which type of growth may be called welfare-enhancing growth?What is the best approach when comparing GDP and welfare?What is the correct reason for treating GDP as a useful but incomplete indicator of welfare?What is likely if sanitation and public transport improve along with GDP growth?If a country's GDP rises but access to nutritious food falls for poor families, what conclusion is appropriate?Output increased in an economy, but the income of small producers fell. What does this show?New factories increased employment in a city but polluted the river. How should welfare be assessed?If child malnutrition falls along with GDP growth, what may this indicate?Two countries have equal total GDP, but the second country's population is half that of the first. Which will have higher per capita GDP?Why may welfare rise even with a limited change in GDP if public transport becomes cheaper and faster?Average income rose in a country but the number of homeless people also increased. What does this imply?