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8. (10 marks) Refer to the article Why GDP is a poor measure of progress on the next page and answer the questions below. Cite

8. (10 marks) Refer to the article "Why GDP is a poor measure of progress" on the next page and answer the questions below. Cite directly from the article as appropriate.

Why is GDP a reasonable measure of progress in the era of farming and industries, but not in a modern, service-led economy? (4 marks)

Why does a rise of digital economies tend to "understate the real GDP"?

- End of Paper -

4

(6 marks)

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