Even Though It Is Not a Perfect Measure, Economists Can

question 225

Multiple Choice

Even though it is not a perfect measure, economists can use real GDP to i) compare how the value of the goods and services produced in China have changed over the past 10 years.
Ii) look at the length of recessions and expansions in the United States.
Iii) to compare the standard of living in China versus the standard of living in Vietnam.

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

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Definitions:

David Wechsler

A psychologist best known for developing several widely used intelligence tests, including the Wechsler Adult Intelligence Scale.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which proposes that people have different kinds of intelligences, not just a single general intelligence.

Independent Intelligences

Refers to the theory that intelligence cannot be encapsulated by a single, general ability but is composed of various distinct intellectual faculties.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests people have different kinds of intelligences.