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Case #1: Listen and watch the following video: Is GDP the wrong yardstick for measuring prosperity? Available: https://www.youtube.com/watch?v=gX211016S-k 1. List and explain five (5) critiques
Case #1: Listen and watch the following video: Is GDP the wrong yardstick for measuring prosperity? Available: https://www.youtube.com/watch?v=gX211016S-k 1. List and explain five (5) critiques of GDP as a measure of a country's economic performance. 2. The debate over the role of GDP is characterized by confusion or focus between achieving between economic activity and social welfare or well-being. Explain why so. 3. In your opinion, is GDP still the most effective measure of economic performance in Indonesia? Explain why or why not
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