Even Though It Is Not a Perfect Measure, Economists Can

question 65

Multiple Choice

Even though it is not a perfect measure, economists can use real GDP to
i. compare how standards of living in China have changed over the past 10 years.
ii. look at the length of recessions and expansions in Australia.
iii. compare the standard of living in China versus the standard of living in Vietnam.

• A) i and ii
• B) ii only
• C) i, ii and iii
• D) ii and iii
• E) i and iii

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Definitions:

Fugue State

A rare psychological state involving loss of personal identity and travel or wandering, often with the establishment of a new identity.

Emotionally Volatile

Refers to individuals who experience intense emotions that can change rapidly and unpredictably, often affecting their behaviors and relationships.

Borderline Personality

A mental health disorder characterized by unstable moods, behavior, and relationships, often resulting in significant emotional suffering.

Impulsive

Characterized by actions taken suddenly without foreseeing the consequences, often based on immediate desires or reactions.