List some of the reasons why economists should not consider GDP an effective measure of the standard

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List some of the reasons why economists should not consider GDP an effective measure of the standard of living in a country.

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 31, 2023 09:40 AM

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List some of the reasons why economists should not consider GDP an effective measure of the standard

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While GDP Gross Domestic Product is a commonly used measure of a nations economic performance it has limitations as an indicator of the standard of living in a country Here are some of the reasons why ...View the full answer

Principles Of Economics

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