Question
GDP is used widely as an indicator of the success and economic well-being of the people of a nation. However, for many reasons it is
GDP is used widely as an indicator of the success and economic well-being of the people of a nation. However, for many reasons it is not the perfect indicator. Briefly comment on the following statements related to this issue: Domestic spending is a better indicator of standard of living than GDP National wealth is a better indicator of standard of living than GDP
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
