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Economic historians Roger Ransom and Richard such have estimated that African-American Farmers in the U.S South after the Civil War worked about 30 percent fewer hours per year than they had as slaves before the Civil War.
If after the Civil War, African-American farmers had continued to work these additional hours, their production and income would have been higher and so would have been U.S GDP.
The farmers, well-being
A.Would have been higher as a result of working these additional hours because value of an individual's well-being is included in GDP calculation.B. Would not have been higher as a result of working these additional hours because value of an individual's well-being is not included in the GDP calculation.C. would have been higher as a result of working these additional hours because GDP is not adjustable for value of social justice.D. would have been higher as a result of working these additional hours because value of leisure is included in GDP calculation
After the civil War, U.S GDP
A. grew but that was unrelated to the farmers working less than beforeB fell but that was unrelated to the farmer working less that before.C. could have been higher if the farmers did not reduce their work hours.D. could have been the same if the farmers hours as before the civil war .
a.nbsp if the rate discount is 20 percent a. would you rather receive 100 today or 120 in one year ?b. would you
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