3. Should there be separate measures of economic output (GDP) and Quality of Life? 4. If Per Capita GDP is not a good measure of quality of life, what would you propose as a better measure of quality of life in a country?
3. Should there be separate measures of economic output (GDP) and Quality of Life? 4. If Per Capita GDP is not a good measure of quality of life, what would you propose as a better measure of quality of life in a country?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....
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