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Question 4 (10 marks) Your friend argues real GDP per capita is a good measure of economic well-being, as it shows the income levels of

Question 4 (10 marks) Your friend argues real GDP per capita is a good measure of economic well-being, as it shows the income levels of the country. Provide some counter arguments that show some limitations of the GDP measure

Question 5 (10 marks) The government of country Alpha has made day-care free for the children of the country, which has contributed to increasing the participation of women in the labour force of the country. Using the lessons from the course, discuss how such a policy can impact economic growth in the country.

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