A New Technology Is Discovered That Results in All New

question 38

Multiple Choice

A new technology is discovered that results in all new cars producing 50 per cent less pollution.The technology costs nothing to produce and cars do not change in price.As a result of the technology,there is a reduction in the number of visits people make to the doctor to complain of breathing difficulties.Which of the following is true?

• A)Real GDP decreases as a result of fewer doctor services being provided.
• B)Nominal GDP does not change and real GDP increases.
• C)Nominal GDP increases to reflect the improvement in the health of the population.
• D)Real GDP is not affected.
• E)Real GDP decreases to reflect the decrease in pollution.

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Definitions:

Older Than 85

Refers to individuals who have reached or surpassed the age of 85, often considered a marker for the "oldest old" in demographic studies.

Times

Refers generally to the plural of time; it could also pertain to occasions or instances when certain events occur.

Misuse Of Medications

The incorrect or inappropriate use of prescription or over-the-counter drugs, leading to potential harm or addiction.

Antipsychotic Drugs

Medications primarily used to manage psychosis, including hallucinations, delusions, mania, or disordered thought.