According to Economists, Why Is It Useful to Measure the Behaviour

question 26

Multiple Choice

According to economists, why is it useful to measure the behaviour of the economy with statistics such as GDP?

• A) It can be used to forecast economic recessions and prevent them.
• B) It measures the total value of a country's wealth.
• C) It can be helpful in developing macroeconomic science, but is not useful for policymaking.
• D) It is a crucial step toward developing the science of macroeconomics.

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Definitions:

Color Spectrum

The range of all possible frequencies of electromagnetic radiation visible to the human eye, perceived as colors.

Rod Cells

Photoreceptor cells in the retina of the eye that are responsible for vision at low light levels but do not mediate color vision.

Retina

The thin layer of tissue that lines the back of the eye on the inside, composed of light-sensitive cells and responsible for converting light into neural signals for visual recognition.

Pupil

The black-looking opening in the center of the iris, through which light enters the eye.