Economics
GDP and Welfare
Practice questions
Which combination is most suitable for making GDP growth more inclusive?In which example may GDP understate social cost?If a country’s GDP rises but democratic freedom and personal safety decline, what is the conclusion about welfare?If domestic output rises but a large share is exported and domestic consumption falls, what can be said about public welfare?Why may welfare differ between two societies with the same real per capita GDP?Why may GDP growth driven mainly by pollution cleanup and accident treatment not be considered welfare-enhancing growth?A country’s real income rises but mental stress increases because working time rises and family time falls. What is the most balanced conclusion?How does the concept of green GDP differ from ordinary GDP?Which is the most scientific way to relate GDP to public welfare?If real GDP rises but average working hours increase sharply what is the correct welfare assessment?If a country's GDP growth mainly comes from rapid exploitation of natural resources, what concern arises?Pollution increases sales of medicines and air purifiers in an economy. What is the most appropriate interpretation?If total real GDP rises by six percent and population rises by eight percent what is the likely effect on real output per person?What conclusion follows if a country with high GDP also has a very high infant mortality rate?Per capita GDP rises in a country but median income remains unchanged. What is the most likely reason?If an old machine is sold and a repair company is paid what will be included in current GDP?If private security spending falls because crime declines what difference between GDP and welfare is possible?Why can two countries with the same real per capita GDP have different welfare levels?If GDP rises in a country but access to safe housing declines which conclusion is appropriate?In which situation may measured GDP rise while the actual quantity of services remains nearly unchanged?