In this discussion, the author includes all of the below ideas EXCEPT for this one. Which of the below statements DOES NOT match with the ideas expressed by Business cycles, recessions, and how one assesses the strength and well-being of an economy Group of answer choices Economic growth is measured by the growth of the GDP -which represents the total value of all goods and services produced in an economy. China may be considered to be a richer country than the United States because China's GDP (of around $23 trillion) is bigger than the GDP of the U.S. ($20 trillion). [FYI China's population: 1.386 billion; U.S. population: 326 million] GDP is a perfect measure of human well-being and prosperity. The U.S. has a real per capita income of $60,000, while the corresponding per capita income in China was below $17,000 (both, 2017 numbers).
In this discussion, the author includes all of the below ideas EXCEPT for this one. Which of the below statements DOES NOT match with the ideas expressed by Business cycles, recessions, and how one assesses the strength and well-being of an economy
Group of answer choices
China may be considered to be a richer country than the United States because China's GDP (of around $23 trillion) is bigger than the GDP of the U.S. ($20 trillion). [FYI China's population: 1.386 billion; U.S. population: 326 million]
GDP is a perfect measure of human well-being and prosperity.
The U.S. has a real per capita income of $60,000, while the corresponding per capita income in China was below $17,000 (both, 2017 numbers).
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