An Element of Economic Welfare That Is NOT Effectively Captured

question 52

Multiple Choice

An element of economic welfare that is NOT effectively captured in growth measurements of real per capita GDP is

• A) the rate of inflation.
• B) new products and improvements in the quality of goods and services.
• C) population growth.
• D) a change in the price level.
• E) a change in the growth of output.

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Definitions:

List Rows

Sequential horizontal lines or entries in a list or table, each typically containing data pertinent to one item or record.

Combo Box

A graphical user interface widget that combines a dropdown list or list box and a single-line textbox, allowing the user to select an option from the list or enter their own.

Column Count

A property or attribute in website or document design specifying the number of columns in a layout.

Combo Box

A user interface control that combines a drop-down list box with a single-line textbox, allowing users to select an item from the list or enter a custom value.