Question
A Value of a Measure (15 pts.) Answer the following question to the best of your ability. Be sure to draw on material from the
A Value of a Measure (15 pts.) Answer the following question to the best of your ability. Be sure to draw on material from the readings to answer it.
Can gross domestic product (GDP)be considered a flawed measure of economic well-being? What does it miss or ignore? What do you think are necessary components of economic well-being that should be included in a measure of well-being? Are there any alternative measures of well-being that could be used alongside of (or instead of) GDP?
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Microeconomics
Authors: Jeffrey M. Perloff
8th edition
134519531, 978-0134519531
