refer to table 3-37. sarah and charles are both potters and each can switch between the production of vases and mugs at a constant rate. the table shows the total number of vases or decorative mugs that each person can produce in a six-hour session of producing pottery. sarah has an absolute advantage in

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.