Describe the standard of living in a society


Assignment:

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Topic: GDP has been linked to the standard of living in a society. However, there are

some shortcomings when using GDP to describe the standard of living in a society. In your paper discuss what are some problems with using GDP as a measure of the standard of living in a society? Specifically focus on how GDP accounts for the effects of production on the environment.

•Make sure to apply the concepts you have learned so far in the course
•The body of your paper should be no more than 3 pages.
•Your assignment must be typed double spaced. (APA Format)

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Microeconomics: Describe the standard of living in a society
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