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read and discuss the article: https://mises.org/library/gdp-tool-politics-not-economics. Then, answer the following questions: 1. Describe, in brief, the author's view on why GDP is a political tool.
read and discuss the article:
https://mises.org/library/gdp-tool-politics-not-economics.
Then, answer the following questions:
1. Describe, in brief, the author's view on why GDP is a political tool. In particular, can changes
on methodology lead to drastic changes in GDP values? Does this discredit the use of GDP
as metric of economic activity?
2. Are prices enough to capture changes in innovation?
3. What are the major criticisms of the Austrian school of economic thought on GDP?
4. Discuss the government's incentives in using GDP as a policy tool.
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