How well GDP measures the well-being of society

added blog Financial Services

2023-06-07 19:57:35 -

Key points GDP is an indicator of a society’s standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology, or the—positive or negative—value that...

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