Bhutan's Attempt to Achieve Gross National Happiness, Rather Than a Higher

question 56

Multiple Choice

Bhutan's attempt to achieve Gross National Happiness, rather than a higher gross national product, reflects its attempt to:

• A) adopt what they believe that the West does correctly, while rejecting consumerism.
• B) provide more material goods for all of its citizens.
• C) increase foreign investment.
• D) lure more tourists to the scenic mountain nation.
• E) modernize and develop an information economy.

---

Definitions:

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the true productivity of an economy.

Inflation Rate

The percentage increase in the price level of goods and services over a period of time, often measured annually.

Government Debt

The total amount of money that a government has borrowed and not yet repaid.

Debt To Income Ratio

A personal finance measure comparing an individual's debt payments to their overall income, often used by lenders to assess borrowing capacity.