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Question 7 (0.34 points) To opt for the state that maximizes the utility of the person in the worst position, or to maximize the minimum

Question 7 (0.34 points)

To opt for the state that maximizes the utility of the person in the worst position, or to maximize the minimum utility follows the:

Question 7 options:

Rawls Criteria.

Common happiness and social wellbeing.

Utility maximisation for rational individuals.

Pareto Criterion.

Question 8 (0.33 points)

The Easterlin Paradox states that:

Question 8 options:

Happiness is based on relative rather than absolute income.

Despite increases in personal income over time, people were not reporting an increasing level of happiness.

If happiness and income are compared at any point in time, those with more income are, on average, happier than those with less.

Happiness adapts to changes in the level of income.

Question 9 (0.34 points)

Real GDP per capita:

Question 9 options:

Is a measure of the total goods and services produced in a country (calledgross domestic product, orGDP), which is then divided by the country's population

Is GDP per capita considering international prices and purchasing power across countries.

All of the above

Is GDP per capita taking account of price changes over time

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