Plz add your explanation. Please sort the items below into the appropriate box b
ID: 1145166 • Letter: P
Question
Plz add your explanation.
Please sort the items below into the appropriate box based on whether the change signals: 1) An increase in GDP and improved standard of living An increase in GDP without improved standard of living, or 3) No increase in GDP and improved standard of living. Increases GDP and the standard of living Does not increase GDP but increases standard of living Increases GDP but not the standard of living income inequality decreases and people dislike inequality school quality increases from parental involvement volunteers clean a river used for swimming school quality increases from husehold unpaid work procurement of new equipment becomes formalized in GDP improvements in production technologies workers work less, but produce same amount The black market shrinks because firms shift to the formal sector but production remains the sameExplanation / Answer
Volunteers clean a river for swimming & School quality increases from procurement of new equipment are an improvement of living but no increase in GDP.
the black market shrinks because firms shoft to the formal sector is increase in gdp and improvement of standard of living as it decreases dead wegiht loss.
Decrease income inequality improves standard of living and will help to grow GDP over a period of time.
Household unpaid work becomes formalized in GDP increases GDP but no standard of living.
Improvement in technology improves both GDP and standard of living
Workers work less as they produce same in given time frame which increase the surplus value for them hence standard of living improves but no GDP