1. GDP as a Measure of Well-being

Mayer describes the importance of GDP as a measure of our economic well-being. But they also note that this measure omits some things that are important in describing how well-off we are. Provide 3 specific examples of things that your think are important to you or to society, but which are are omitted from the GDP measure.

2. GDP and Income Inequality

Brad Plumer, the Post's Wonkblogger, describes and critiques several ways in which income inequality is thought to affect the rate of growth of a country's GDP. Explain one of these possible effects, and comment on why you agree or disagree that inequality affects GDP.

David A. Mayer. "The Everything Economics Book". Ch. 12, 13, 19. eBook. 2010