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How do economists measure the consumption of a good?
the amount of a good that is bought
How do economists measure a nation's standard of living?
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
Why do economists measure the cost of things when opportunity cost is what you actually are considering we when decide whether or not to purchase something?
it is easier for economists to measure "cost" than "opportunity cost"(because people's tastes are different and changeable)
How do economists sometimes measure physical capital?
the number of telephones it has in relation to its population.
What Economists use per capital GDP to measure and compare nations relative?
Population
How do economists measure the consumption of a good?
the amount of a good that is bought
Which statistic do economists use to measure the business cycle?
price indicator
Do economists measure a nation's standard of living?
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
How do economists measure a nation's standard of living?
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
Why do economists measure the cost of things when opportunity cost is what you actually are considering we when decide whether or not to purchase something?
it is easier for economists to measure "cost" than "opportunity cost"(because people's tastes are different and changeable)
How do economists sometimes measure physical capital?
the number of telephones it has in relation to its population.
What Economists use per capital GDP to measure and compare nations relative?
Population
What is the tool that economists often use as a rough measure of a nations prosperity?
Per Capita GDP
What do economists look at to measure a nation's overall performance in the global economy?
i believe its balance of trade
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility is a measure of consumer satisfaction.
WHAT Economists Use The Concept Of To Measure The Satisfaction A Person Gets From The Use Or Consumption Of Goods And Services.?
The concept of utility is a measure of consumer satisfaction.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
