Question
Real GDP in the United States is roughly 4 times as large as the next largest economy in the world, yet in a survey conducted
Real GDP in the United States is roughly 4 times as large as the next largest economy in the world, yet in a survey conducted by the Gallup Organization between 2005 and 2009, the United States ranked 14th in the proportion of survey respondents reporting that they were "thriving." In light of results like this, is real GDP a useful measure of a nation's well-being? Why or why not?
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
