Special offer for new customers: 5% OFF your first order! Use coupon: GWRITERSclose

ECON305-DB-1

Answer all questions. APA Format. 2-3 Paragraphs

GDP and Per Capita GDP are two of the basic and most widely used economic measures. They are broad measures that provide interesting and useful information about a nation’s economy as a whole. And Per Capita GDP is the standard measure of the Standard of Living.

But they are often criticized for not being a measure of Quality of Life.  (Whatever that means as there is no standard definition of Quality of Life.)  However, GDP was never intended to measure “Quality of Life”, just output and the income that the production process produces.

Is GDP an adequate measure of national economic activity?
Should GDP be replaced by a new Quality of Life Measure?
Or should there be separate measures of economic output (GDP) and Quality of Life?
Or some combination.

You can leave a response, or trackback from your own site.
Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes