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- GDP is very widely used throughout the world as a measure of Economic health. Come up with your own example, either real or a scenario, that shows a flaw with using GDP as the only indicator of the well being of a society.Why are there two measures of GDP.why are International comparisons of GDP misleading
- The difference between GDP and GNPCalculate GDP deflator for 2020It is difficult to calculate the value of GDP and it does not provide an accurate measure of the welfare or happiness of a country’s citizens therefore, it should not be used as an indicator of standard if living. Discuss whether you agree with this statement.
