Was the Great Compromise really all that great? Cite evidence from the readings and the video to support your answer.

In the base year in a small island macroeconomy, nominal gdp was $400m. in a later year when the general level of all prices was twice as high, nominal gdp reached $1000m. between the base year and the later year: ( there can be multiple answers) -real gdp declined -there was real gdp growth by more than 100% - inflation occurred - there was real gdp growth but by less than 100%

Meritocracy is the belief that hard work and achievement a: can reduce a persons position in society b: can change a persons position in society for the better c: has little influence on a persons social standing d: can decrease social inequality

Which of the following ideas would not lead to lower amounts of waste? a) the extension of a product’s lifetime b) the elimination of unnecessary packaging c) flexible construction for simple repair d) built-in obsolescence e) the introduction of new design technology