Sia
Question
Statistics
Posted 8 months ago
Hamsterville and Gerbilia are two neighboring countries with identical populations and identical GDP.
Which of the following would most likely make Hamsterville better off than Gerbilia even if neither country's GDP changes?
Choose 1 answer:
(A) An increase in spending on education in Hamsterville but not Gerbilia
(B) An increase in life expectancy in Hamsterville but not Gerbilia
(c) An increase in the pollution in Hamsterville but not Gerbilia
(D) An increase in exports from Gerbilia to Hamsterville
(E) An increase in spending on healthcare in Hamsterville but not Gerbilia
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Answer from Sia
Posted 8 months ago
Solution by Steps
step 1
Identify the factors that contribute to the well-being of a country beyond GDP
step 2
Evaluate the options given and determine which one would most likely improve the well-being of Hamsterville compared to Gerbilia without changing the GDP
step 3
Consider the impact of each option on the quality of life and societal progress
Answer
B
Key Concept
Well-being beyond GDP
Explanation
GDP is a measure of economic activity, not necessarily well-being. Factors such as education, life expectancy, and healthcare have a direct impact on the quality of life and can improve well-being without changing the GDP. An increase in life expectancy reflects better health outcomes and potentially a higher standard of living.
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