6.5. Does Spending Measure Welfare? Suppose a community spends $1 million on salaries and equipment for its police department. Because it believes that citizens are now more law-abiding, the community decides to cut back on the number of police it employs. As a result, the community now spends $800,000 less on police officers. The crime rate remains the same.

a. What happens to measured GDP?

b. Does GDP accurately reflect welfare in this case?

Discuss the underlying issue that this example poses.

Answers

Answer 1

Answer:

(a) Measured GDP will decrease by $200,0000

(b) No

Step-by-step explanation:

(a) Gross Domestic Product (GDP) is the total value in monetary terms of al the goods produced in a geographic location.

There will be a $200,000 decrease in the value of the GDP of the community as a result of reduction in the community spending from $1 million to $800,000.

(b) Generally, GDP is not a true indicator of welfare, likewise in this case, GDP does not reflect the welfare of the community.

There's a decrease in the community spending from $1 million to $800,000 but there's an increase in the welfare of the community as a result of decrease in crime rate.


Related Questions

(07.07) H U R R Y, please ;) 15 points!
Tracey built a small boat and recorded the distance it traveled. The table below shows the distance traveled (f) during the first 4 seconds after starting (p).


Elapsed Time
(seconds) Distance Traveled
(feet)
1 4.2
2 8.4
3 12.6
4 16.8


Which of the following equations represents the relationship between the distance traveled and the elapsed time?
p = 4.2f
f = 4.2p
p = 4.2 + f
f = 4.2 + p

Answers

im not sure i think its 14.2


The length of a rectangle is 3 m less than double the width, and the area of the rectangle is 44 m. Find the dimensions of the rectangle

Answers

Answer:

Length of Rectangle is 3 cm less than twice the width

Area is 44 m2 ; let W = width;  2W - 3 = Length

Arect = L times W

44 = W ( 2W - 3 )

44 = 2W2 - 3W

0 = 2W2 - 3W - 44

Factoring

0 = ( 2W - 11 )( W +4)

2W - 11 =0   ;            W + 4 = 0

       W = 11/2                 W = -4  (width can not be a negative number)

Therefor: width is 11/2  and length is 8

The area of a circle is 0.5024 square centimeters. What is the circle's radius?

Answers

r≈0.4cm
A Area
Hope this helps

Jasmine paid $380 for a playstation 5, originally priced at $500. What percent discount did Jasmine get?

Answers

She got it for 24% off

$500 - 24% = $380

Answer: 24% discount

If 500 = 100%
Then 380 = ?

Cross multiply 380 x 100 = 38000
Divide 38000 by 500 = 76
Subtract 76 from 100 = 24

can you help me i will mark if i can

Answers

Answer:

i think it is d

Step-by-step explanation:

Find the total surface area of this cone.
Leave your answer in terms of .
25m
Sm
SA = [? ]7 m2

Answers

Answer:

[tex]SA = 70\pi[/tex]

Step-by-step explanation:

Given

See attachment for cone

Required

The total surface area

This is calculated as:

[tex]SA = \pi r\² + \pi rl[/tex]

From the attached cone:

[tex]r = 5[/tex] -- radius

[tex]l = 9[/tex] --- slant height

So, we have:

[tex]SA = \pi * 5^2 + \pi * 5*9[/tex]

[tex]SA = 25\pi + 45\pi[/tex]

[tex]SA = 70\pi[/tex]

(c) The annual membership fee in 2013 is $198 for each adult and $75 for each child.

Adult = 440 members
Children = 120 members

(i) Calculate the total amount the 560 members pay in 2013.


(ii) The adult fee of $198 in 2013 is 5.6% more than the fee in 2012.
Calculate the adult fee in 2012.​

Answers

Answer:

i ) $96120

ii ) Singular adult fee in 2012: $186.91

Step-by-step explanation:

( i )

To find the costs of all 560 peoples you:

Multiply the amount of people by the fee,

440 × 198 = $87120

120 × 120 = $9000

Add these go get the sum of member fees: $96120

( ii )

First calculate what 1% of the adult fee would be:

198 ÷ 100 = 1.98 = 1%

Then calculate what 0.1% of the fee:

1.98  ÷ 10 = 0.198 = 0.1%

Now multiply 5 by the value of 1% to get 5% :

5 × 1.98 = 9.9

Then multiply 6 by the  0.1% to get 0.6% :

0.198 × 6 = 1.188

Add these numbers together to get:

1.188 + 9.9 = $11.088 = 5.6%

Due to the fact this question is referring to money we will round this number 2 decimal places (as money does not exceed 2dp)

$11.09

We now subtract this from the 2013 fee to find out the 2012 fee

$198 - $11.09 = $186.91

$186.91 was the cost of a singular adult fee in 2012

Describe the translation below using words and then write a rule for it.

Answers

The transformation of the figure is a translation. The original figure moves over 2 squares, then down once. The rule would be (x-2, y-1)

I’m pretty sure the answer is correct but my wording may not be so good :|

Help!!! I will give you a follow

Answers

Answer:

Red

Step-by-step explanation:

Let x = number of laps and Let y = time taken to complete laps

She is able to run one lap in 7 minutes

Given this information we want to create an equation

the equation would be

7x = y

Now that we have created an equation we want to find how many laps she can run in 56 minutes.

The time is represented by 7 so we plug in 56 into y

so now we have

7x = 56

Finally we solve for x

*divide each side by 7*

56/7 = 8

7x / 7 = x

we're left with x = 8 meaning that she can run 8 laps in 56 minutes

In conclusion the answer is the Red one

the answer to the question is the last choice

Hello fello humans I need help on this question please and thank you :)

Answers

Answer: The value of x is 6.

Step-by-step explanation:

In the figure we have two secants.

A secant is a line that intersects a circle in exactly two points.

For the figure attached below:

[tex]a\times b=c\times d[/tex]

So for the given figure,

[tex]x\times 8=4\times (4+8)\\\\\Rightarrow\ x=\dfrac{4\times12}{8}\\\\\Rightarrow\ x=6[/tex]

Hence, The value of x is 6.

Answer:

x=6

Step-by-step explanation:

and hello to you as well

Avery deposited 1250 in a new savings account. Which amount is closest to the balance of the account at the end of three years

Answers

Answer: $1,467.80

Step-by-step explanation:

The formula for the future value given annual compounding is:

= Amount * ( 1 + rate) ^ number of years

The amount after 3 years at 5.5% is therefore:

= 1,250 * ( 1 + 5.5%)³

= 1,250 * 1.174241375

= $1,467.80

Select the equivalent expression. −4(2a−3)+5a
1. 3(a+4)
2. −3(a−4)
3. −3(a+4)
4. 3(a−4)

Answers

i think it’s number 4 not sure though

a model ship is 0.38 M long how long is the ship in centimeters

Answers

Answer:

Actual length of ship is  150  meters.

Step-by-step explanation:

As model ship is built to a scale of  

1 centimeter  : 5  meters and

length of model ship is  30  centimeters

Actual length of ship is  30 × 5 = 150  meters.

38 centimetres is the answer

3)
The first number minus the second number
is always eight

Answers

Answer:

Well, I mean, that's a vague question. there are a ton of numbers where you can subtract a second number and have it equal eight. 15 - 7 = 8

Step-by-step explanation:

Find the sum and express it in simplest form.
(-54-46) 1-24 + 76 S)
Enter the correct ansve
OOH
1

Answers

3b - 7u -5

Add them together and put them in alphabetical order.

The average speed of an airplane is 550 miles per hour.
Create an equation to represent the distance, d, in miles, that the airplane travels after t hours at the average speed.

Answers

Answer:

3300mi ÷ 550 mi/hr =6 hours

give me brainly or heart if it helped!

Help!! I will give brainlest

Answers

Answer:

the first one

Step-by-step explanation:

Solve for x . Enter the solutions from least to greatest.
x^2 – 12x + 27 = 0
lesser x=
greater x =

Answers

Answer:

Lesser x= -3. Greater x=3

Step-by-step explanation:

Find the p and q that produce the Pythagorean triple (3, 4, and 5). Please help me, please and thank you! =)

Answers

Answer:

Step-by-step explanation:

Please help me with 2,3,4,5,6 show me the steps and the answers please

Answers

the formula is a^2+b^2=c^2

A and B are the sides doesn't matter which

C is always across from the right angle

so fill x in accordingly

4^2+3^2=x^2

16+9=

25= x^2

square root both 25 and x^2

25 becomes 5

x^2 becomes x

x=5

and just apply this to the other problems

Explain why dividing each side of \small 3x^2=6x by \small 3x is not a reliable way to solve the equation.

Answers

Answer:

See Explanation

Step-by-step explanation:

Given

[tex]3x^2 = 6x[/tex]

Required

Why dividing by [tex]3x[/tex] is not reliable

The reason is that, the given expression is a quadratic equation and as such, it will most likely have two solutions.

So, when the expression is divided by [tex]3x[/tex], the solution will be [tex]x = 2[/tex], leaving out the other possible solution.

The right way is:

[tex]3x^2 = 6x[/tex]

Subtract 6x from both sides

[tex]3x^2 - 6x = 6x - 6x[/tex]

[tex]3x^2 - 6x = 0[/tex]

Factorize

[tex]3x(x - 2) = 0[/tex]

Split

[tex]3x = 0\ or\ x - 2 = 0[/tex]

Solve for x in both cases:

[tex]x = 0\ or\ x = 2[/tex]

HURRYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

Answers

I don’t know what you mean by hurry? What do you mean by hurry?

help please with math!

Answers

Answer:

1/2

Step-by-step explanation:

If you do this:

20:2=10

14:2=7

12:2=6

You get dimensions of smaller triangle which is a half from bigger one.

Answer:

scale factor is 1/2

Step-by-step explanation:

notice that the sides of ΔABC are one-half of the length of the sides 0f ΔDEF

1. Mr. Jay has 24 students and 75% of them are boys. How many are boys?

Answers

Answer:

18

Heart if this helped

Please help I’ll mark BRAINLIEST!!!

Answers

-10,-7,-4,-1,2,5 This is the answer to your question

8. Coffee Country City Council has decided to build a new road to connect Main Street
and Lincoln Lane (see the drawing). If construction costs $25,000 per mile, how much
will it cost?
Main Stream
3 mil
Lincoln Ln
1.5 miles-
NEW ROAD

Answers

Answer:

easy just pull put calculator and add 25,000 with  3 mil

Step-by-step explanation:

Answer:

Cost 64951.91

Step-by-step explanation:

We are to assume that the new road and Lincoln Lane meat at right angles. If that is true we can use the Pythagorean Theorem.

Givens

a = 1.5 miles

b = ?

c = 3 miles

Cost per mile = 25000

Solution

a^2 + b^2 = c^2

1.5^2 + b^2 = 3^2

2.25 + b^2 = 9

b^2 = 9 - 2.25

b^2 = 6.75

sqrt(b^2) = sqrt(6.75)

b = 2.5981

Cost

1 mile costs 25000

2.5981 costs x

1/2.5981 = 25000 / x                 Cross Multiply

x = 2.5981 * 25000

x = 64951.91

How does the graph of f(x)=|x| compare with the graph of g(x) = 1/2|x| select all that apply

Answers

Answer:

I don't see the choices but both graphs are absolute value graphs. I think  g(x) = 1/2|x|  is the shrink of f(x)=|x|

A pair of AirPods cost $120 at the store. A
person bought a pair and sold it online for
$150. What is the percent of increase?

Answers

Answer:

20 is the correct answer

Answer:

8%

Step-by-step explanation:

120% divided by 150%

sally and belvedere are collecting shirt with a ratio of 4:10. if they collected 462 shirts altogether, how many shirts did sally collect?

Answers

Answer:

Step-by-step explanation:

500

PLEASE HELP ANSWER CORRECTLY !!!!!!!!!!!!!! WILL MARK BRIANLIEST !!!!!!!!!!!!!!

Answers

Hello again, hehelol12.

PQ is equal to CB. So the length of PQ must be 9.

Angle PQR is equal to CBA. Therefore the measure of angle PQR is 46.

I hope this helps!

Step-by-step explanation:

since they are congruent triangles, all your have to done is the compare the longest side of the first triangle is equal to that of the other; the smallest side of the first triangle is equal to that of the second, and so for the corresponding angles

using the above method,

Answer:

a) from mere observation line PQ is the longest therefore it is equal to the length of the longest side of the other triangle. so line PQ = 9

b) again, ang PQ is the smallest, using the method, ang PQ = 46 degrees

but mind you, you could use a ruler to measure the length to find the longest more accurately.

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