Question
As the subject heading asks - does a higher real GDP for a country mean that the people of the country are necessarily happier? Assume
As the subject heading asks - does a higher real GDP for a country mean that the people of the country are necessarily happier? Assume that the higher real GDP means that more goods were actually produced and it was not just a measurement error. If you argue no, the people are not necessarily happier; explain why we care about real GDP in this class then.
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Theories Of Value From Adam Smith To Piero Sraffa
Authors: Ajit Sinha
2nd Edition
0429807716, 9780429807718
