Question
Your assignment is to consider the following: GDP is widely heralded in the media as the primary indicator of economic successas a central benchmark for
Your assignment is to consider the following: GDP is widely heralded in the media as the primary indicator of economic successas a central benchmark for measurement and comparison of economic growth. As you have delved deeper into economic thinking, you may have begun to question the strength of this metric.
Please write a 2-page response to the prompts below. Your paper should be in APA format with a title page, at least 3 outside resources cited on a references page.
1) Is GDP a strong indicator of a given country's overall economic success? Why or why not?
2) Aside from GDP, what other metrics would you consider most relevant to understanding the health and growth of a given economy? Why?
3) Applying the above conclusions to the current global economy, which country and/or countries do you believe are currently the most economically successful? Defend your answer.
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