Question

multiple choice question more abundant leisure increases __, but it __ real gdp. economic welfare; decreases nominal gdp; leaves unchanged social welfare; decreases nominal gdp; decreases need help? review these concept resources. read about the concept

Explanation:

Leisure is a component of overall economic/social welfare, so more leisure increases this welfare. However, when people have more leisure, they work fewer hours, which reduces the total quantity of goods and services produced, leading to a decrease in real GDP (and nominal GDP, but the question specifies real GDP here). The option that matches this relationship is the first one.

Answer:

O economic welfare; decreases