As a Measure of Aggregate Economic Welfare, Real GDP Per

question 38

Multiple Choice

As a measure of aggregate economic welfare, real GDP per capita misses which of the following?

• A) how the income is distributed across the population
• B) market activity
• C) incomes
• D) total output
• E) the distribution of output across sectors of the economy

Differentiate between types of justice (procedural, distributive, interactional) and understand their application in ethical decision-making.

Recognize the ethical considerations in organizational policies and actions, such as fair treatment, privacy, and safety.

Identify and analyze ethical dilemmas in business and professional contexts.

Address the global perspectives on ethics, including cultural relativism and ethical imperialism.

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Definitions:

Expressed Struggle

The overt display or communication of disagreement or opposition among individuals or groups.

Compelled Apology

An apology that is demanded or forced out of someone, often lacking in sincerity due to its coerced nature.

Expedient Apology

An apology made for the purpose of convenience or pragmatism, often to quickly resolve a conflict or reduce tension without full sincerity.

Sarcasm

A form of verbal irony that involves making a statement in which the actual meaning differs sharply from the words used, often to mock or convey contempt.