--%>
Assignment Help - homework help

In spite of the limitations shortcomings why is the gdp


Question 1

  • In spite of the limitations (shortcomings), why is the GDP used as a measure of national income as well as a measure of national economic wellbeing?
  • Is the GDP measure underestimating or overestimating national production and total income in the economy during various business cycles? Why?
  • What are the limitations of the GDP in measuring total output and national welfare? What products (services) are excluded from the GDP computation?
  • What are the impacts of the shortcomings of the GDP as a measure of the national product and national economic welfare (wellbeing)?

Solution Preview :

Prepared by a verified Expert
Business Management: In spite of the limitations shortcomings why is the gdp
Reference No:- TGS02283641

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)