Question
The headline of a recently published article was: Don't be fooled by Australia's GDP growth - buying more things is not a good measure of
The headline of a recently published article was: "Don't be fooled by Australia's GDP growth - buying more things is not a good measure of our welfare". Taking the above statement into consideration, critically evaluate the role of GDP as a measure of economic welfare.
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
