(1) Recent measurements have shown a significant deterioration in the quality of the Scottish seaside. Which of the following statements are compatible with this observation? A. The real value of GDP has increased B. The real value of GDP remains the same C. North Sea oil wells have dried up D. The price of swimming costumes has gone down (2) The impact of Covid-19 on happiness is negative because A. it decreased economic activity B. it coincided with Brexit C. it forced social isolation D. it obliged people to develop new Information Technology skills (i) A is correct (ii) A and B are correct (iii) A and C are correct (iv) All of the above are correct

(1) Recent measurements have shown a significant deterioration in the quality of the Scottish seaside. Which of the following statements are compatible with this observation? A. The real value of GDP has increased B. The real value of GDP remains the same C. North Sea oil wells have dried up D. The price of swimming costumes has gone down (2) The impact of Covid-19 on happiness is negative because A. it decreased economic activity B. it coincided with Brexit C. it forced social isolation D. it obliged people to develop new Information Technology skills (i) A is correct (ii) A and B are correct (iii) A and C are correct (iv) All of the above are correct

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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