Question

Explain the concept of measuring the Gross National Happiness Index.

Answer #1

Explain the concept illustrated by the Big Mac index. What is
the concept called? What are thw two forms of? What is the
rationale of?

A regression was run to determine if there is a relationship
between the happiness index (y) and life expectancy in years of a
given country (x).
The results of the regression were:
y=a+bx
a=-1.921
b=0.058
r2=0.753424
r=0.868
(a) Write the equation of the Least Squares Regression line of the
form
y= + x
(b) If a country increases its life expectancy, the happiness index
will
increase
decrease
(c) If the life expectancy is increased by 3 years in a certain...

A regression was run to determine if there is a relationship
between the happiness index (y) and life expectancy in years of a
given country (x).
The results of the regression were:
y=a+bx
a=0.13
b=0.198
r2=0.436921
r=0.661
(a) Write the equation of the Least Squares Regression line of the
form
y= + x
(b) If a country increases its life expectancy, the happiness index
will
decrease
increase
(c) If the life expectancy is increased by 2.5 years in a certain...

A regression was run to determine if there is a relationship
between the happiness index (y) and life expectancy in years of a
given country (x).
The results of the regression were:
y=a+bx
a=0.331
b=0.11
r2=0.405769
r=0.637
(a) Write the equation of the Least Squares Regression line of the
form
y= + x
(b) If a country increases its life expectancy, the happiness index
will
increase
decrease
(c) If the life expectancy is increased by 1.5 years in a certain...

Explain how you would combine these two variables into an
additive index where happiness and satisfaction work together to
describe a more general state of contentment. End with a
description of what the completed index would look like:
Variable 1: How happy are you? Codes: 0=Very happy, 1=Pretty
happy, 2=Not at all happy
Variable 2: How satisfied are you with life? Codes: 0=Not at all
satisfied, 1=Fairly satisfied, 2=Very satisfied

Aristotle’s concept of eudaimonia (trans. as “happiness” but
lit. “good spirit”) is best understood as ______.

Where in the planning process would you include the concept of
employee happiness? How important should employee
happiness be when determining plans for the
organization? Which types of plans might include
elements of employee happiness?

The concept that the next dollar will not give as much happiness
as the last dollar is known as
a. declining marginal utility for money
b. inflation
c. loss of purchasing power
d. risk

The Effect of Lower Income in terms of macroeconomics
concept:
1) Open Economy
2) Gross Domestic Products (GDP)
3) Gross National Products (GNP)
4) Inflation
5) Productivity
The Effect of Lower Income in terms of macroeconomics
concept:
1) Open Economy
2) Gross Domestic Products (GDP)
3) Gross National Products (GNP)
4) Inflation
5) Productivity

The moral concept, “Always act to promote the greatest happiness
for the greatest number” is a central idea of: Select one: a.
deontological ethics b. utilitarian ethics c. emotivist ethics d.
virtue ethics e. rationalist ethics f. all of the above g. none of
the above

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