If you answer first ill give an extra 35 points but it has to be wht the questions ask 1. TWO economic issues that affect a person’s happiness.

2. What is the Ranked-Income Hypothesis and how does it affect a person’s happiness?

3. The video claims that we derive happiness from “status” and not “absolute” income. In your own words, what does this mean. Do you agree with this, why or why not – be sure to use specific examples to support your opinion.

4. Should a nation’s “success” be measured by its GDP, or like the tiny country of Bhutan, should there be a happiness factor when deciding if a country is “successful”. Explain your answer using your own words and using evidence/specific examples to support your ideas.