Over the past 10 years, GDP in the United States has increased.

What reservations would you have in concluding that this represents an increase in economic welfare in this period?

As you are reflecting upon this questions, please be mindful that national statisticshave concludedthat 46 million people in the United States are now considered poor.

To what extent are international comparisons of GDP a satisfactory indicator of relative standards of living in different countries?

Do you believe that all nations should strive for a higher GDP?

Is this a reliable indicator of prosperity or do we have to include other elements like health of population and depression statistics?

What would be the advantages/disadvantages of such an effort?