about GDP

2008-11-30 8:39 pm
Can anyone give me FIVE reasons to explain why GDP may not be a good measurement of standard of living of a country.

Thanks for helping~

回答 (1)

2008-12-01 7:02 pm
✔ 最佳答案
1) Inflation level ( Real GDP) needed to be considered. 2) GDP per capita shoule be calculated. 3) Components in calculation also must be watched out (If government spending component was overweighted, then the level of living standard would indeed be lower. 4) Environmental pollution must not be ignored 5) The degree of happiness and social problems must be taken into account.


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