Multiple Choice
The Human Development Index was proposed because
A) of the limitations of real GDP as a measure comparing the standard of living in different nations.
B) people confuse nominal GDP and real GDP.
C) nominal GDP and real GDP are subjective measures.
D) the GDP deflator changes if the base year is changed.
E) different nations have different populations.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following describes the Australian
Q2: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" -The table above
Q4: The base year is 2018. A country
Q5: Which of the following is a final
Q6: Gross domestic product is equal to the
Q7: Gross domestic product measures the<br>A) market value
Q8: In calculating GDP, we must<br>A) add the
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The table above
Q10: Leisure time is ignored when calculating GDP
Q11: A country with a real GDP per