GDP - European productivity is close to that of the U.S....

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GDP: Measuring Output, Mismeasuring Well-being?   1.   According to the article, GDP per capita (or per head) in Europe has leveled off at what fraction of GDP per capita in the United States?      
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        A.   63 %       B.   77 %       C.   98 %       D.   85 %       E.   69 %       F.  
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2.   The article assumes that a country or  region with the largest __________ is the  world's economic leader.        
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        A.   G DP  per  per so n       B.   G DP  per  wo rk  ho ur       C.   G DP  per  wo rke r       D.   G DP
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3.   According to the article and the chart,  productivity growth in Europe has been  ________ than in the United States over  the past 50 years while GDP per person is  still ______________ than in the United  States.        
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        A.   Slo we r,  lo we r       B.   Slo we r,  hig her       C.   Fa ste r,  hig her       D.   Fa ste r,  lo we r
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4.   Which is the best explanation for why 
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Unformatted text preview: European productivity is close to that of the U.S. while GDP per person is still much less? A. Th e U. S. bui lds mo re pri so ns. B. A me ric an s sa ve les s tha n Eu rop ea ns do. C. Eu rop e 5. The article notes that standard GDP measurement includes production that does little to enhance the welfare of Americans compared to that of Europeans. Which of the following is NOT cited as an example of this? A. Eu rop ea ns sp en d les s on tra ns por tati on be ca us e of de ns er ho usi ng an d bet ter pu bli c tra ns por tati on....
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This note was uploaded on 09/25/2009 for the course ECON 120 taught by Professor Goldman during the Fall '09 term at City College of San Francisco.

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GDP - European productivity is close to that of the U.S....

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