Decisions for Tomorrow FRONT PAGE Material Wealth vs. Social Health National income accounts are regularly reported and widely quoted. They do not, however, adequately reflect the nation's social performance. To measure more accurately the country's social health, a Vassar College team of social scientists devised an Index of Social Health with 16 indicators, including infant mortality, drug abuse, health insurance coverage, and poverty among the aged. According to this index, America's social health increased only 6 percent from 1990 to 2011, despite a 34 percent increase in real GDP per capita. Source: Data from Institute for Innovation in Social Policy (Vassar College). 135 125 Real GDP 115 per capita Social health 105 95 06 85 1995 000 YEAR 066 a. Per capita GDP data (Click to select) the rise in U.S. well-being since 199O. b. How do you know? O Real per capita GDP growth is the same as the growth in social health. O Real per capita GDP growth is much greater than the growth in social health. O Real per capita GDP growth is much less than the growth in social health.

Decisions for Tomorrow FRONT PAGE Material Wealth vs. Social Health National income accounts are regularly reported and widely quoted. They do not, however, adequately reflect the nation's social performance. To measure more accurately the country's social health, a Vassar College team of social scientists devised an Index of Social Health with 16 indicators, including infant mortality, drug abuse, health insurance coverage, and poverty among the aged. According to this index, America's social health increased only 6 percent from 1990 to 2011, despite a 34 percent increase in real GDP per capita. Source: Data from Institute for Innovation in Social Policy (Vassar College). 135 125 Real GDP 115 per capita Social health 105 95 06 85 1995 000 YEAR 066 a. Per capita GDP data (Click to select) the rise in U.S. well-being since 199O. b. How do you know? O Real per capita GDP growth is the same as the growth in social health. O Real per capita GDP growth is much greater than the growth in social health. O Real per capita GDP growth is much less than the growth in social health.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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