To identify the shortcomings of GDP as a measure of well-being.
Read through the shortcomings of GDP identified in your textbook. Next look at this
(Links to an external site.)
article published by CBS News. Do you agree with the author’s assessment that GDP fails to measure well being? Why (or why not)? Are there things that contribute to your well-being and happiness but are excluded from the calculation of GDP? Share an example and describe why it might be excluded from the GDP calculation.
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