One of the Reasons That Real Gross Domestic Product Is

question 124

Multiple Choice

One of the reasons that Real Gross Domestic Product is not synonymous with social welfare is

• A)people substitute between goods.
• B)things produced by people under 18 are not counted.
• C)environmental quality is ignored.
• D)quality has remained steady.

---

Definitions:

Matrix

A rectangular array of numbers or functions arranged in rows and columns, used in mathematical and scientific calculations.

Determinant

A scalar value that can be computed from the elements of a square matrix and encodes certain properties of the matrix, such as whether it has an inverse.

Minors

In the context of matrices, minors are the determinant of the square matrices obtained by deleting one row and one column from a larger square matrix.

System of Linear Equations

A collection of one or more linear equations involving the same variables.