Answer to Question #284749 in Macroeconomics for sar

Question

 Evidence suggests that happiness in rich countries increases with output per person

Answer 1

Solution:

That is false, happiness in rich countries does not necessarily increase with output per person in rich countries.

 

Happiness in rich countries is increased by the following; higher personal incomes, healthy life expectancy, freedom, trust, social support, and generosity. Higher personal incomes go together with higher self-reported life satisfaction which makes one extremely happy with life.

Most rich countries are able to achieve the above key ingredients that increase happiness in society.