Question: 1) U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and what does it not tell

1) U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and what does it not tell us, about the well-being of U.S. residents? What are the limitations of the GDP as a measure of economic well-being? Given the limitations, why is GDP usually regarded as the best single measure of a society's economic well-being

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