1. Is GDP an adequate measure of national economic activity? 2. Should GDP be replaced by a new Quality of Life Measure (consider whether "quality of life" should be based purely on economic conditions)?

1. Is GDP an adequate measure of national economic activity? 2. Should GDP be replaced by a new Quality of Life Measure (consider whether "quality of life" should be based purely on economic conditions)?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1. Is GDP an adequate measure of national economic
activity?
2. Should GDP be replaced by a new Quality of Life
Measure (consider whether "quality of life" should be
based purely on economic conditions)?

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