400) Suppose that over the course of a decade an economy had a stable population and real GNDI increased by 20%. However, an economist estimates that economic welfare increased by less than 20%. Which of the following would not be a factor that could help to ex
Answer is:
Prices increased by more than 20%
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
Actual saving and actual investment in a four-sector economy
Answer is:
I equals planned spending on new capital goods
Answer is:
Planned spending will be greater than output.
Answer is: