An Element of Economic Welfare That Is NOT Effectively Captured

question 16

Multiple Choice

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

• A) population growth.
• B) output growth.
• C) the rate of inflation.
• D) income distribution.
• E) a change in the price level.

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Definitions:

Cladogram

A branching diagram that illustrates taxonomic relationships based on the principles of cladistics.

Relationships

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Organisms

Any individual living entity that can react to stimuli, reproduce, grow, and maintain homeostasis.

Autotrophic Organisms

Organisms capable of synthesizing their own food from inorganic substances using light or chemical energy.