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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Question

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?

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