Jeremiah expressed his disdain for the economic reports he heard on the news. All economists care about

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Jeremiah expressed his disdain for the economic reports he heard on the news. “All economists care about is increasing GDP,” he said. “I wish economists cared about living conditions and well-being instead of just some economic indicator.” How could you acknowledge the shortcomings of GDP to Jeremiah, while also showing him how GDP functions as both an economic indicator and a measure of well-being?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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