A Fundamental Difficulty with Many Proposals to Increase GDP Is

question 165

Multiple Choice

A fundamental difficulty with many proposals to increase GDP is that these proposals

• A) attempt to increase GDP at the expense of other things people value.
• B) attempt to increase GDP and other things people care about.
• C) are made by vested interest groups.
• D) are made by non-economists.
• E) do not recognize the problem of scarcity.

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Definitions:

Economically Viable

The ability of a project or business to generate a profit or sufficient benefits to cover its expenses and provide a return on investment.

Barrel Of Oil

A standard measure of crude oil and petroleum products equivalent to 42 U.S. gallons.

U.S. Electricity Generation

U.S. Electricity Generation denotes the process and methods used in the United States to produce electricity, including coal, natural gas, nuclear, and renewable energy sources.

Energy Information Administration

A U.S. Government agency responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.