Question

1) Which of the following is NOT an argument about economic growth presented in this class?

Group of answer choices

A) Economic growth is desirable

B) Economic growth is not desirable

C) Economic growth is necessary but is NOT desirable in any way

D) Economic growth is not only desirable but also necessary

E) All of the above are arguments presented in this class

2) One argument concerning economic growth made the following argument. Without economic growth, there would likely be political conflict between generations.

True Or False?

3) Which of the following would be directly measured as an increase in economic growth?

Group of answer choices

A) An increase in the quality (not the quantity) of a country’s computers

B) An increase in the number of days people have for holidays

C) A decrease in the number of extinct species within a country

D)Fewer trees being cut down to make furniture

E) None of the above would be directly measured as an increase in economic growth

4) According to the lecture slides, which of the following is FALSE concerning the CPI?

Group of answer choices

A) It stands for Consumer Price Index

B) It can be used to calculate the inflation rate

C) It will rise if food prices increase

D) It began around 1890

E) None of the above are false

Answer 1

1) Which of the following is NOT an argument about economic growth presented in this class? C) Economic growth is necessary but is NOT desirable in any way Reason: This is a false statement. Economic growth is not only necessary but also desirable 2) One argument concerning economic growth made the following argument. Without economic growth, there would likely be political conflict between generations. True Or False? False It is not necessarily true. With or without growth, there will always be political conflicts between generations 3) Which of the following would be directly measured as an increase in economic growth? E) None of the above would be directly measured as an increase in economic growth Reason: All the given options do not directly count as economic growth. Economic growth is more closely related to GDP levels, inflation, unemployment numbers etc. 4) According to the lecture slides, which of the following is FALSE concerning the CPI? E) None of the above are false Reason: All the given statements are correct regarding CPI