Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
Textbook Question
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Chapter 19, Problem 10SCQ

Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad standard of living.

  1. The environment becomes dirtier
  2. The crime rate declines
  3. A greater variety of goods become available to consumers
  4. Infant mortality declines

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Chapter 19 Solutions

Principles of Economics 2e

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