What recent change has been made regarding the classification of Economics in universities?
Limitations of GDP- Macro Topic 2.2

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Business
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11th Grade - University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics has been removed from university curriculums.
Economics is now a mandatory subject for all students.
Economics is now considered a STEM major.
Economics is now part of the Arts department.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a limitation of GDP as mentioned in the video?
Population
Technology
Inequality
Environment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is GDP per capita not a perfect measure of standard of living?
It measures environmental quality.
It includes the shadow economy.
It assumes equal income distribution among households.
It does not account for population size.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the shadow economy affect GDP calculations?
It is not included in GDP calculations.
It decreases GDP by a fixed percentage.
It is fully accounted for in GDP.
It increases GDP significantly.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one suggested alternative to GDP for measuring standard of living?
National Wealth Indicator
Economic Growth Rate
Happiness Index
Gross Domestic Happiness
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a challenge associated with using alternative measures to GDP?
They are easy to calculate.
They are more accurate than GDP.
They are universally accepted.
They often involve subjective elements.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What memory tool is suggested to remember the limitations of GDP?
A pie chart
A GDP graph
A pie tin
A cake slice
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