L13 - The Real Economy in the Long-Run

Questão	Responda
What does PPP (Purchasing Power Parity) consider that GDP doesn't?	As prices of locally produced goods are lower than international prices in poor countries, GDP is often understated in poorer countries.
Is GDP a cardinal or an ordinal measure?	It is CARDINAL so it makes comparisons across countries or through time. If you were to measure people's height - cardinal would be both in order and by the difference between each person.
Real GDP is not the same as...	Economic wellbeing however it is related to economic wellbeing.
What is the 'rule of 70?'	If a variable grows at x percent per year, then that variable will double in approximately... Image: Screen+Shot+2020 08 12+At+8.53.01+Pm (binary/octet-stream)

Resumo de Recurso

	Criado por Sophia Lynch mais de 4 anos atrás