Question
Suppose measured GDP per capita is higher in Norway than in Sweden. Which of the following, if true, would imply that the true difference in
- Suppose measured GDP per capita is higher in Norway than in Sweden. Which of the following, if true, would imply that the true difference in living standards between Norway and Sweden is smaller than the difference in measured GDP per capita?
Gambling and drugs are legal in Norway but illegal in Sweden
Norway has a higher inflation rate than Sweden
Sweden has a higher fraction of its children in paid day care centers than Norway
Workers work more hours per week in Sweden than in Norway
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
