While Gross Domestic Product (GDP) is generally a good indicator of a country’s economic productivity and standard of living, it does have some shortcomings.Why? Discuss two factors that are not included in GDP but that improve economic wellbeing.
While Gross Domestic Product (GDP) is generally a good indicator of a country’s economic productivity and standard of living, it does have some shortcomings.Why? Discuss two factors that are not included in GDP but that improve economic wellbeing.
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 2E
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